Ziff Davis (NASDAQ:ZD) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Ziff Davis (NASDAQ:ZD) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

ZD has been the topic of a number of other research reports. Citigroup lowered their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. UBS Group cut their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Barclays dropped their price objective on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Wall Street Zen downgraded shares of Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.50.

Ziff Davis Price Performance

NASDAQ:ZD opened at $33.82 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.34 billion, a PE ratio of 13.42 and a beta of 1.44. Ziff Davis has a 12 month low of $28.55 and a 12 month high of $56.48. The company’s 50-day moving average price is $33.78 and its two-hundred day moving average price is $34.75.

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

Institutional Investors Weigh In On Ziff Davis

Several institutional investors have recently bought and sold shares of ZD. GAMMA Investing LLC lifted its stake in Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Ziff Davis in the third quarter valued at about $35,000. Allworth Financial LP raised its holdings 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 during the last quarter. State of Wyoming bought a new position in shares of Ziff Davis during the first quarter valued at about $39,000. Finally, TD Private Client Wealth LLC purchased a new position in Ziff Davis during the second quarter worth about $37,000. Institutional investors own 99.76% of the company’s stock.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.