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

Ziff Davis, Inc. (NASDAQ:ZD) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $75.13.

ZD has been the topic of several research analyst reports. Wedbush cut their target price on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Barclays decreased their price objective on Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Citigroup lowered their target price on shares of Ziff Davis from $74.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research report on Thursday, May 2nd.

Ziff Davis Trading Up 2.4 %

ZD opened at $54.35 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.95 and a quick ratio of 1.95. Ziff Davis has a fifty-two week low of $49.50 and a fifty-two week high of $75.58. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 44.92 and a beta of 1.29. The company’s 50 day moving average price is $54.90 and its two-hundred day moving average price is $61.01.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Invenomic Capital Management LP increased its holdings in shares of Ziff Davis by 11.8% in the first quarter. Invenomic Capital Management LP now owns 97,138 shares of the technology company’s stock worth $6,124,000 after purchasing an additional 10,287 shares during the period. Janus Henderson Group PLC raised its position in 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 purchasing an additional 10,303 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Ziff Davis by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after acquiring an additional 995 shares during the last quarter. EntryPoint Capital LLC lifted its position in 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 purchasing an additional 2,444 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings 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 valued at $3,656,000 after buying an additional 5,000 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

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.