Royal Bank of Canada Reaffirms “Outperform” Rating for Ziff Davis (NASDAQ:ZD)

Royal Bank of Canada reissued their outperform rating on shares of Ziff Davis (NASDAQ:ZD) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $95.00 target price on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Barclays dropped their target price on shares of Ziff Davis from $58.00 to $44.00 and set an equal weight rating on the stock in a research note on Friday, August 9th. Wedbush cut their price target on Ziff Davis from $78.00 to $70.00 and set an outperform rating for the company in a report on Friday, May 10th. Finally, Citigroup decreased their price objective on Ziff Davis from $52.00 to $47.00 and set a neutral rating on the stock in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Ziff Davis currently has a consensus rating of Moderate Buy and an average price target of $71.50.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $46.41 on Friday. The firm has a market capitalization of $2.14 billion, a PE ratio of 38.36 and a beta of 1.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $47.23 and its 200 day simple moving average is $54.27. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The company had revenue of $320.80 million during the quarter, compared to the consensus estimate of $332.44 million. During the same quarter in the previous year, the company earned $1.12 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Ziff Davis will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently added to or reduced their stakes in ZD. Rothschild Investment LLC purchased a new position in Ziff Davis in the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Ziff Davis by 362.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Ziff Davis in the fourth quarter valued at approximately $34,000. Quest Partners LLC bought a new position in Ziff Davis in the second quarter worth approximately $38,000. Finally, Bfsg LLC purchased a new position in Ziff Davis during the 1st quarter worth $49,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Company Profile

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.