Ziff Davis (NASDAQ:ZD) Price Target Cut to $140.00 by Analysts at Susquehanna

Ziff Davis (NASDAQ:ZDGet Rating) had its target price lowered by research analysts at Susquehanna from $225.00 to $140.00 in a research note issued on Thursday, The Fly reports. Susquehanna’s price target indicates a potential upside of 74.43% from the stock’s current price.

A number of other equities analysts have also weighed in on ZD. Zacks Investment Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 15th. Robert W. Baird reduced their target price on shares of Ziff Davis from $125.00 to $100.00 in a research note on Thursday.

ZD opened at $80.26 on Thursday. The firm has a market capitalization of $3.79 billion, a PE ratio of 8.81 and a beta of 1.05. Ziff Davis has a twelve month low of $73.42 and a twelve month high of $147.35. The firm’s 50-day moving average price is $93.97 and its 200 day moving average price is $101.57. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZDGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The technology company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The firm had revenue of $315.10 million for the quarter, compared to analyst estimates of $319.49 million. Ziff Davis had a net margin of 27.66% and a return on equity of 23.61%. Ziff Davis’s quarterly revenue was down 20.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 earnings per share. As a group, analysts predict that Ziff Davis will post 6.3 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System purchased a new stake in shares of Ziff Davis in the 1st quarter valued at approximately $1,235,000. Xponance Inc. purchased a new stake in shares of Ziff Davis in the 1st quarter valued at approximately $666,000. Retirement Systems of Alabama purchased a new stake in shares of Ziff Davis in the 1st quarter valued at approximately $6,123,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Ziff Davis in the 1st quarter valued at approximately $1,519,000. Finally, Brave Asset Management Inc. purchased a new stake in shares of Ziff Davis in the 1st quarter valued at approximately $27,134,000. 99.88% of the stock is currently owned by institutional investors.

Ziff Davis Company Profile (Get Rating)

Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

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