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

Ziff Davis, Inc. (NASDAQ:ZD) has received an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Three investment 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.

ZD has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note 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 on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th.

Ziff Davis Trading Up 1.8 %

NASDAQ:ZD opened at $47.52 on Wednesday. The firm’s fifty day moving average is $47.35 and its 200-day moving average is $49.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. Ziff Davis has a 52 week low of $37.76 and a 52 week high of $70.90. The firm has a market cap of $2.13 billion, a P/E ratio of 29.33 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 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The firm had revenue of $320.80 million during the quarter, compared to the consensus estimate of $332.44 million. During the same period in the prior year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts expect that Ziff Davis will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of Ziff Davis by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,095 shares of the technology company’s stock worth $208,000 after acquiring an additional 244 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Ziff Davis by 1.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock worth $856,000 after acquiring an additional 250 shares in the last quarter. Lindenwold Advisors INC grew its stake in shares of Ziff Davis by 6.4% in the 1st quarter. Lindenwold Advisors INC now owns 4,312 shares of the technology company’s stock worth $272,000 after acquiring an additional 261 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Ziff Davis by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock worth $711,000 after acquiring an additional 275 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Ziff Davis by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 11,340 shares of the technology company’s stock worth $715,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds 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.