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

Ziff Davis, Inc. (NASDAQ:ZD) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $73.88.

Several analysts recently commented on ZD shares. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a report on Thursday, May 2nd. Barclays reduced their price objective on shares of Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Wedbush dropped their target price on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Finally, Citigroup reduced their price target on shares of Ziff Davis from $62.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $48.93 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.53. Ziff Davis has a 52 week low of $44.11 and a 52 week high of $73.79. The business’s 50 day moving average price is $53.55 and its 200 day moving average price is $58.95. The firm has a market cap of $2.26 billion, a P/E ratio of 40.44 and a beta of 1.29.

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

Institutional Trading of Ziff Davis

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after purchasing an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Ziff Davis in the 4th quarter valued at $34,000. First Horizon Advisors Inc. increased its stake in shares of 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 acquiring an additional 167 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Ziff Davis in the 1st quarter worth $49,000. Finally, Blue Trust Inc. raised its holdings in shares of Ziff Davis by 31.5% during the 4th quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock worth $54,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

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.