Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $37.50

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $37.50.

Several research firms have recently issued reports on ZD. Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Citigroup reduced their price objective on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. UBS Group cut their price target on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Barclays reduced their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th.

Insider Buying and Selling at Ziff Davis

In related news, Director Sarah Ann Fay purchased 1,354 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was bought at an average price of $36.89 per share, for a total transaction of $49,949.06. Following the purchase, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This trade represents a 6.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Corp purchased a new position in Ziff Davis in the 3rd quarter valued at approximately $35,000. Allworth Financial LP grew its position in shares of Ziff Davis by 149.8% in the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after purchasing an additional 617 shares in the last quarter. State of Wyoming bought a new stake in shares of Ziff Davis during the 1st quarter valued at $39,000. TD Private Client Wealth LLC purchased a new stake in Ziff Davis during the 2nd quarter worth about $37,000. Finally, Blue Trust Inc. boosted its stake in Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after purchasing an additional 295 shares during the period. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Down 1.0%

ZD opened at $35.22 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. The company’s 50-day moving average is $34.73 and its 200 day moving average is $34.23. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $60.04. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.98 and a beta of 1.47.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.76. The business had revenue of $363.71 million during the quarter, compared to the consensus estimate of $366.44 million. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. Research analysts expect that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

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.