Ziff Davis, Inc. (NASDAQ:ZD) Receives $75.13 Consensus Target Price from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $75.13.

Several analysts have issued reports on ZD shares. UBS Group decreased their price target on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 5th. Wedbush lowered their price target on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Citigroup reduced their price objective on Ziff Davis from $74.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. JPMorgan Chase & Co. upgraded Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research report on Thursday, May 2nd. Finally, Barclays cut 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.

Institutional Investors Weigh In On Ziff Davis

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invenomic Capital Management LP boosted its holdings in shares of Ziff Davis by 11.8% in the 1st quarter. Invenomic Capital Management LP now owns 97,138 shares of the technology company’s stock worth $6,124,000 after acquiring an additional 10,287 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Ziff Davis by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after purchasing an additional 10,303 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Ziff Davis by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after buying an additional 995 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of Ziff Davis by 100.5% in the first quarter. EntryPoint Capital LLC now owns 4,875 shares of the technology company’s stock valued at $307,000 after buying an additional 2,444 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in Ziff Davis by 9.4% during the 1st quarter. Tocqueville Asset Management L.P. now owns 58,000 shares of the technology company’s stock worth $3,656,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $53.75 on Thursday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 44.42 and a beta of 1.29. The business has a 50 day moving average price of $54.86 and a 200 day moving average price of $61.15. 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 twelve month low of $49.50 and a twelve month high of $75.58.

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

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.