Ziff Davis, Inc. (NASDAQ:ZD) Given Average Recommendation of “Hold” by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $47.25.

A number of analysts have weighed in on ZD shares. Susquehanna increased their price target on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. Citigroup increased their price target on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Weiss Ratings downgraded Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price target on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $45.73 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $43.85 and a two-hundred day moving average price of $37.94. Ziff Davis has a 1-year low of $22.45 and a 1-year high of $50.55. The company has a market cap of $1.68 billion, a P/E ratio of 40.47 and a beta of 1.14.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The firm had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. During the same period last year, the business posted $1.14 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts anticipate that Ziff Davis will post 4.26 EPS for the current year.

Hedge Funds Weigh In On Ziff Davis

Institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new position in shares of Ziff Davis during the 4th quarter worth about $25,000. NBC Securities Inc. boosted its position in shares of Ziff Davis by 121.3% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after purchasing an additional 590 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after purchasing an additional 611 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after purchasing an additional 687 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Company Profile

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.