Ziff Davis, Inc. (NASDAQ:ZD) Receives $46.86 Average PT from Analysts

Key Points

• Analysts have given Ziff Davis, Inc. a consensus rating of "Moderate Buy," with three hold ratings and three buy ratings from the research firms covering the stock.
• The average 12-month target price for Ziff Davis among brokerages is $46.8571, with recent price targets set between $40.00 and $45.00 by various investment analysts.
• Ziff Davis has shown strong quarterly performance, reporting earnings of $1.24 EPS which topped consensus estimates, and a year-over-year revenue increase of 10.0%.

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $46.8571.

A number of research firms have commented on ZD. Susquehanna dropped their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Barclays reaffirmed a "positive" rating on shares of Ziff Davis in a research note on Friday, August 8th. Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Piper Sandler set a $40.00 target price on shares of Ziff Davis in a report on Friday, August 8th.

Ziff Davis Stock Performance

NASDAQ:ZD traded down $0.48 during mid-day trading on Tuesday, hitting $37.31. The stock had a trading volume of 358,571 shares, compared to its average volume of 677,001. Ziff Davis has a 52 week low of $28.55 and a 52 week high of $60.62. The company has a 50 day simple moving average of $33.27 and a 200-day simple moving average of $35.41. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 24.87 and a beta of 1.63.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.02. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The company had revenue of $352.21 million for the quarter, compared to the consensus estimate of $337.47 million. During the same period in the previous year, the firm earned $1.18 EPS. Ziff Davis's revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ziff Davis

A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Ziff Davis in the first quarter valued at about $736,000. GAMMA Investing LLC increased its position in shares of Ziff Davis by 148.4% during the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after purchasing an additional 426 shares during the period. Wells Fargo & Company MN boosted its stake in Ziff Davis by 19.6% in the 4th quarter. Wells Fargo & Company MN now owns 28,506 shares of the technology company's stock valued at $1,549,000 after buying an additional 4,670 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Ziff Davis by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock valued at $7,997,000 after buying an additional 5,456 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Ziff Davis by 75.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company's stock valued at $231,000 after buying an additional 2,645 shares in the last quarter. Institutional investors 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.