Ziff Davis (NASDAQ:ZD - Get Free Report) had its target price boosted by analysts at Barclays from $34.00 to $40.00 in a report released on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the technology company's stock. Barclays's target price points to a potential upside of 11.09% from the stock's current price.
Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Ziff Davis from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. UBS Group set a $40.00 target price on Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Susquehanna lowered their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Finally, Citigroup decreased their target price on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.00.
Read Our Latest Stock Report on Ziff Davis
Ziff Davis Trading Down 4.5%
Ziff Davis stock traded down $1.68 during mid-day trading on Friday, hitting $36.01. The stock had a trading volume of 254,082 shares, compared to its average volume of 543,969. The stock has a 50-day simple moving average of $31.98 and a two-hundred day simple moving average of $37.17. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.52 billion, a PE ratio of 23.97 and a beta of 1.63. Ziff Davis has a 12 month low of $28.55 and a 12 month high of $60.62.
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 return on equity of 14.00% and a net margin of 4.57%. The company had revenue of $352.21 million for the quarter, compared to analyst estimates of $337.47 million. During the same quarter last year, the firm posted $1.18 earnings per share. Ziff Davis's revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Ziff Davis will post 5.93 EPS for the current year.
Hedge Funds Weigh In On Ziff Davis
Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after buying an additional 426 shares during the period. Allworth Financial LP lifted its stake in Ziff Davis by 149.8% in the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company's stock worth $31,000 after purchasing an additional 617 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after acquiring an additional 488 shares during the period. TD Private Client Wealth LLC bought a new position in shares of Ziff Davis in the second quarter worth about $37,000. Finally, State of Wyoming purchased a new position in shares of Ziff Davis during the first quarter worth approximately $39,000. 99.76% of the stock is owned by institutional investors.
Ziff Davis Company Profile
(
Get Free Report)
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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