Ziff Davis (NASDAQ:ZD) Rating Increased to Buy at Wall Street Zen

Key Points

• Ziff Davis' rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating a more favorable outlook for the stock.
• Multiple analysts have adjusted their price targets for Ziff Davis, with UBS setting a target of $40.00 and JPMorgan lowering theirs to $33.00.
• The company reported earnings of $1.24 per share, exceeding analyst expectations, and achieved a revenue of $352.21 million for the latest quarter.

Ziff Davis (NASDAQ:ZD - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on ZD. 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 lowered their price target for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Susquehanna dropped their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Citigroup reduced 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 note on Friday, April 25th. Finally, Barclays increased their price target on shares of Ziff Davis from $34.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $48.00.

Ziff Davis Stock Performance

ZD stock opened at $36.68 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.59. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 24.45 and a beta of 1.63. Ziff Davis has a 1 year low of $28.55 and a 1 year high of $60.62. The stock's fifty day moving average is $32.07 and its two-hundred day moving average is $37.04.

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

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently modified their holdings of ZD. GAMMA Investing LLC lifted its stake 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 acquiring an additional 426 shares in the last quarter. Allworth Financial LP lifted its stake 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. Quadrant Capital Group LLC lifted its stake in Ziff Davis by 278.9% in 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 in the last quarter. TD Private Client Wealth LLC bought a new stake in Ziff Davis in the 2nd quarter valued at approximately $37,000. Finally, State of Wyoming bought a new stake in Ziff Davis in the 1st quarter valued at approximately $39,000. 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.

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