Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Ziff Davis, Inc. has received a consensus recommendation of "Hold" from analysts, with one sell rating, three hold ratings, and two buy ratings among a total of six analysts covering the stock.
• The stock opened at $37.07 and has a 52-week range between $28.55 and $60.62, reflecting a market capitalization of $1.52 billion.
• In earnings results, Ziff Davis reported $1.24 EPS for the quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 10.0%.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) has earned a consensus recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $38.8333.

A number of analysts have issued reports on ZD shares. Wall Street Zen raised Ziff Davis from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Piper Sandler set a $40.00 price objective on Ziff Davis in a research report on Friday, August 8th. Finally, Barclays restated a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th.

Ziff Davis Stock Up 3.2%

Shares of ZD opened at $37.07 on Wednesday. Ziff Davis has a 52-week low of $28.55 and a 52-week high of $60.62. The company has a market capitalization of $1.52 billion, a PE ratio of 24.71 and a beta of 1.60. The stock has a fifty day simple moving average of $37.31 and a two-hundred day simple moving average of $33.89. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47.

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

Insider Transactions at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,354 shares of Ziff Davis stock in a transaction that occurred on Monday, September 15th. The shares were purchased at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the acquisition, the director owned 23,619 shares in the company, valued at approximately $871,304.91. This represents a 6.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company's stock.

Institutional Trading of Ziff Davis

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after buying an additional 426 shares during the period. Allworth Financial LP grew its position in Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company's stock valued at $31,000 after acquiring an additional 617 shares in the last quarter. State of Wyoming acquired a new position in Ziff Davis in the 1st quarter valued at about $39,000. TD Private Client Wealth LLC acquired a new position in Ziff Davis in the 2nd quarter valued at about $37,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Ziff Davis in the 1st quarter valued at about $57,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

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