Ziff Davis (NASDAQ:ZD – Free Report) The price target was lowered by Citigroup from $52.00 to $47.00 in a report published on Friday, Benzinga reports. They currently rate the technology company’s stock as “neutral.”
A number of other research firms have also recently commented on ZD. Wedbush lowered their price target on Ziff Davis from $78.00 to $70.00 and gave the company an outperform rating in a research report on Friday, May 10. JPMorgan Chase & Co. upgraded shares of Ziff Davis from neutral to overweight in a report on Thursday, May 2 and gave the company a $70.00 price target. Finally, Barclays lowered their price target on shares of Ziff Davis from $58.00 to $44.00 and gave the company an equal weight rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have given the company a buy rating. Based on data from MarketBeat.com, Ziff Davis currently has a consensus rating of Moderate Buy and a consensus price target of $71.50.
Get our latest research report on Ziff Davis
Performance of Ziff Davis shares
NASDAQ ZD shares opened at $41.30 on Friday. The company has a market cap of $1.91 billion, a P/E ratio of 34.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.95 and a current ratio of 1.95. The company’s 50-day moving average price is $51.09 and its 200-day moving average price is $57.31. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.90.
Ziff Davis (NASDAQ:ZD – Get Free Report) last released its earnings results on Wednesday, August 7. The technology company reported earnings per share (EPS) of $1.18 for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The company had revenue of $320.80 million for the quarter, compared to analysts’ expectations of $332.44 million. During the same period last year, the company generated earnings per share of $1.12. The company’s revenue declined 1.6% compared to the same quarter last year. On average, research analysts forecast that Ziff Davis will report earnings per share of $6.09 for the current year.
Hedge funds comment on Ziff Davis
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in Ziff Davis in the 4th quarter valued at around $32,202,000. Dimensional Fund Advisors LP increased its holdings in shares of Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after buying an additional 257,056 shares in the last quarter. CDAM UK Ltd increased its stake in Ziff Davis by 26.5% in the fourth quarter. CDAM UK Ltd now owns 1,181,995 shares of the technology company’s stock valued at $79,418,000 after buying an additional 247,375 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Ziff Davis by 212.4% in the fourth quarter. Retirement Systems of Alabama now owns 181,314 shares of the technology company’s stock valued at $12,182,000 after purchasing an additional 123,275 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in Ziff Davis by 441.1% in the 4th quarter. Invenomic Capital Management LP now owns 86,851 shares of the technology company’s stock valued at $5,836,000 after purchasing an additional 70,800 shares in the last quarter. 99.76% of the shares are currently owned by institutional investors and hedge funds.
Ziff Davis Company Profile
(Get free report)
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 lab-based product testing, technology news, buying guides, and research; Mashable, publishing technology and culture content; Spiceworks Ziff Davis offers digital content for IT products and services; retailMeNot, a savings platform; Offers.com, a coupon and deals website; and event-based deals, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.
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