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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $71.50.

A number of equities analysts have weighed in on the stock. Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Barclays dropped their target price on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently made changes to their positions in ZD. Creative Planning increased its position in Ziff Davis by 16.4% in the second quarter. Creative Planning now owns 5,840 shares of the technology company’s stock worth $321,000 after purchasing an additional 822 shares during the last quarter. Algert Global LLC bought a new stake in shares of Ziff Davis in the 2nd quarter worth about $256,000. Maverick Capital Ltd. raised its position in shares of Ziff Davis by 386.9% during the 2nd quarter. Maverick Capital Ltd. now owns 31,242 shares of the technology company’s stock valued at $1,720,000 after buying an additional 24,826 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Ziff Davis by 41.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 15,274 shares of the technology company’s stock valued at $841,000 after acquiring an additional 4,440 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Ziff Davis by 453.7% in the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after acquiring an additional 228,257 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

NASDAQ ZD opened at $49.72 on Tuesday. The business’s fifty day moving average is $46.66 and its 200 day moving average is $53.55. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. The company has a market capitalization of $2.29 billion, a PE ratio of 41.12 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 for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The company had revenue of $320.80 million for the quarter, compared to analysts’ expectations of $332.44 million. Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. Sell-side analysts predict that Ziff Davis will post 6.1 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.