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

Ziff Davis, Inc. (NASDAQ:ZD) has been given a consensus rating of “Reduce” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $37.50.

ZD has been the topic of a number of research analyst reports. Piper Sandler set a $40.00 price target on Ziff Davis in a research report on Friday, August 8th. UBS Group lowered their target price on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Barclays cut their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Finally, Wall Street Zen lowered shares of Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Ziff Davis Trading Up 7.7%

Shares of NASDAQ ZD opened at $35.84 on Thursday. Ziff Davis has a twelve month low of $28.55 and a twelve month high of $60.06. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.22 and a beta of 1.47. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average is $34.78 and its 200-day moving average is $34.19.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, hitting the consensus estimate of $1.76. The business had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. Equities research analysts predict that Ziff Davis will post 5.93 EPS for the current year.

Insider Activity

In other news, Director Sarah Ann Fay purchased 1,354 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were bought at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the completion of the acquisition, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This trade represents a 6.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after acquiring an additional 295 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Ziff Davis by 6.7% in the first quarter. Hsbc Holdings PLC now owns 7,447 shares of the technology company’s stock valued at $279,000 after purchasing an additional 468 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Ziff Davis by 1.4% in the second quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock worth $1,246,000 after purchasing an additional 550 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Ziff Davis by 5.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,806 shares of the technology company’s stock worth $327,000 after purchasing an additional 578 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Ziff Davis by 2.1% during the third quarter. Nisa Investment Advisors LLC now owns 29,628 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 610 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.