Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $71.50.

Several brokerages have weighed in on ZD. Barclays cut their price target on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Citigroup reduced their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of Ziff Davis in the 2nd quarter worth about $25,000. OLD Point Trust & Financial Services N A bought a new stake in Ziff Davis during the fourth quarter worth about $34,000. Quest Partners LLC purchased a new stake in Ziff Davis in the second quarter worth about $38,000. Innealta Capital LLC bought a new position in shares of Ziff Davis during the second quarter valued at approximately $75,000. Finally, Blue Trust Inc. lifted its holdings in shares of Ziff Davis by 72.4% during the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after purchasing an additional 708 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Up 2.4 %

NASDAQ ZD opened at $44.86 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 27.69 and a beta of 1.29. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.90. The stock has a 50-day moving average of $46.24 and a 200-day moving average of $51.26. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The company had revenue of $320.80 million during the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. 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 forecast that Ziff Davis will post 6.1 EPS for the current 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.