Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) PT at $75.13

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $75.13.

A number of research firms recently weighed in on ZD. Wedbush lowered their target price on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. UBS Group decreased their price target on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Citigroup decreased their price target on shares of Ziff Davis from $74.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Barclays decreased their price target on shares of Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. upgraded shares of Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, May 2nd.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZD. Janus Henderson Group PLC lifted its stake in shares of Ziff Davis by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after buying an additional 10,303 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ziff Davis by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,693,227 shares of the technology company’s stock worth $113,771,000 after purchasing an additional 136,220 shares during the period. Legal & General Group Plc raised its stake in Ziff Davis by 11.3% during the third quarter. Legal & General Group Plc now owns 1,575,994 shares of the technology company’s stock worth $100,375,000 after purchasing an additional 159,839 shares during the period. CDAM UK Ltd raised its stake in Ziff Davis by 26.5% during the fourth quarter. CDAM UK Ltd now owns 1,181,995 shares of the technology company’s stock worth $79,418,000 after purchasing an additional 247,375 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Ziff Davis by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 575,688 shares of the technology company’s stock worth $38,680,000 after purchasing an additional 21,501 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Trading Up 0.8 %

NASDAQ:ZD opened at $55.05 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. Ziff Davis has a 12 month low of $49.50 and a 12 month high of $75.58. The company has a market cap of $2.54 billion, a PE ratio of 45.50 and a beta of 1.29. The company has a 50 day simple moving average of $54.80 and a two-hundred day simple moving average of $61.27.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, May 8th. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.05. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. The business had revenue of $314.49 million during the quarter, compared to the consensus estimate of $317.71 million. Research analysts forecast that Ziff Davis will post 6.09 earnings per share for the current 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.