Ziff Davis, Inc. (NASDAQ:ZD) Receives $73.88 Average Target Price from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $73.88.

ZD has been the subject of a number of recent research reports. Barclays lowered their target price on Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Citigroup lowered their price target on Ziff Davis from $62.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research report on Thursday, May 2nd. Finally, Wedbush lowered their price target on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, May 10th.

Institutional Trading of Ziff Davis

Several institutional investors have recently added to or reduced their stakes in ZD. EverSource Wealth Advisors LLC lifted its holdings in shares of Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after buying an additional 402 shares during the period. OLD Point Trust & Financial Services N A bought a new position in Ziff Davis in the 4th quarter worth $34,000. First Horizon Advisors Inc. raised its holdings in Ziff Davis by 32.2% in the 4th quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after purchasing an additional 167 shares during the period. Bfsg LLC bought a new position in Ziff Davis in the 1st quarter worth $49,000. Finally, Blue Trust Inc. raised its holdings in Ziff Davis by 31.5% in the 4th quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock worth $54,000 after purchasing an additional 204 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

ZD opened at $48.93 on Monday. The stock has a 50-day moving average price of $53.55 and a 200-day moving average price of $59.04. Ziff Davis has a 12-month low of $44.11 and a 12-month high of $73.79. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.26 billion, a P/E ratio of 40.44 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Wednesday, May 8th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The company had revenue of $314.49 million during the quarter, compared to analyst estimates of $317.71 million. Equities analysts predict that Ziff Davis will post 6.09 earnings per share for the current fiscal year.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.