Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) PT at $71.50

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $71.50.

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

Ziff Davis Trading Up 1.0 %

NASDAQ ZD opened at $49.72 on Tuesday. The firm has a market capitalization of $2.29 billion, a PE ratio of 41.12 and a beta of 1.29. The stock’s 50 day moving average is $46.66 and its 200 day moving average is $53.55. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90. The company has a quick ratio of 1.91, a current 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 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm 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 business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. Research analysts forecast that Ziff Davis will post 6.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ziff Davis

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in shares of Ziff Davis by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after buying an additional 10,303 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ziff Davis by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after purchasing an additional 257,056 shares during the period. CDAM UK Ltd increased its position in shares of Ziff Davis by 26.5% during the 4th quarter. CDAM UK Ltd now owns 1,181,995 shares of the technology company’s stock valued at $79,418,000 after purchasing an additional 247,375 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ziff Davis by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 575,688 shares of the technology company’s stock worth $38,680,000 after purchasing an additional 21,501 shares during the period. Finally, Norges Bank purchased a new position in shares of Ziff Davis in the fourth quarter worth approximately $32,202,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.