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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $71.50.

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

Institutional Investors Weigh In On Ziff Davis

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new stake in Ziff Davis during the 2nd quarter worth approximately $25,000. Quest Partners LLC bought a new stake in Ziff Davis during the 2nd quarter worth approximately $38,000. Innealta Capital LLC bought a new stake in Ziff Davis during the 2nd quarter worth approximately $75,000. Blue Trust Inc. grew its holdings in Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after acquiring an additional 708 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Ziff Davis during the 2nd quarter worth approximately $93,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Performance

NASDAQ ZD opened at $47.52 on Wednesday. The firm has a 50-day moving average of $47.35 and a 200-day moving average of $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. The stock has a market cap of $2.13 billion, a PE ratio of 29.33 and a beta of 1.29. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.90.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The business had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. During the same quarter last year, the firm earned $1.12 EPS. Ziff Davis’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Ziff Davis will post 6.1 EPS 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.