Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Rating of “Hold” by Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $47.25.

Several research analysts have recently issued reports on ZD shares. Barclays upped their price target on shares of Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price target on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Piper Sandler set a $48.00 price target on shares of Ziff Davis in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Evercore restated an “outperform” rating and issued a $61.00 price objective on shares of Ziff Davis in a report on Tuesday, May 12th.

Ziff Davis Trading Up 2.2%

ZD opened at $45.73 on Thursday. The company’s 50 day moving average is $43.85 and its 200-day moving average is $37.94. Ziff Davis has a 1-year low of $22.45 and a 1-year high of $50.55. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.68 billion, a P/E ratio of 40.47 and a beta of 1.14.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. Equities research analysts predict that Ziff Davis will post 4.26 earnings per share for the current fiscal year.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently bought and sold shares of ZD. Pale Fire Capital SE increased its holdings in Ziff Davis by 130.0% in the first quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company’s stock valued at $116,790,000 after purchasing an additional 1,573,414 shares during the period. First Trust Advisors LP increased its holdings in Ziff Davis by 689.6% in the first quarter. First Trust Advisors LP now owns 974,591 shares of the technology company’s stock valued at $40,894,000 after purchasing an additional 851,163 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ziff Davis by 260.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock valued at $21,005,000 after purchasing an additional 431,828 shares during the period. LSV Asset Management increased its holdings in Ziff Davis by 75.6% in the third quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock valued at $29,440,000 after purchasing an additional 332,674 shares during the period. Finally, Invenomic Capital Management LP increased its holdings in Ziff Davis by 86.0% in the third quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock valued at $15,562,000 after purchasing an additional 188,844 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.