Ziff Davis, Inc. (NASDAQ:ZD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $71.50.

Several equities analysts have commented on ZD shares. 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 report on Thursday, May 2nd. Barclays lowered their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Wedbush decreased their price target on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th.

Ziff Davis Trading Down 0.1 %

Shares of ZD stock opened at $44.90 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.90. The firm’s fifty day simple moving average is $49.19 and its 200 day simple moving average is $56.03. The firm has a market capitalization of $2.07 billion, a P/E ratio of 37.11 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The company had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, sell-side analysts predict that Ziff Davis will post 6.09 EPS for the current year.

Institutional Trading of Ziff Davis

A number of large investors have recently bought and sold shares of ZD. Rothschild Investment LLC acquired a new position in Ziff Davis in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ziff Davis by 362.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after buying an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Ziff Davis in the fourth quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in shares of Ziff Davis in the 2nd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its position in Ziff Davis by 32.2% during the 4th quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after acquiring an additional 167 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

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.