Ziff Davis, Inc. (NASDAQ:ZD) Receives $37.50 Consensus PT from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus recommendation of “Reduce” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.50.

Several brokerages have commented on ZD. UBS Group cut their price target on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wall Street Zen downgraded Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Finally, Citigroup dropped their price objective on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th.

Ziff Davis Stock Down 1.2%

Shares of Ziff Davis stock opened at $35.15 on Monday. The firm has a market cap of $1.39 billion, a PE ratio of 13.95 and a beta of 1.47. The business’s 50 day simple moving average is $33.96 and its 200 day simple moving average is $34.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.61. Ziff Davis has a 52-week low of $28.55 and a 52-week high of $56.48.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, hitting the consensus estimate of $1.76. The company had revenue of $363.71 million during the quarter, compared to analysts’ expectations of $366.44 million. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. On average, analysts predict that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Ziff Davis during the 3rd quarter worth about $35,000. Allworth Financial LP increased its position in Ziff Davis by 149.8% during the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after buying an additional 617 shares during the last quarter. State of Wyoming bought a new stake in Ziff Davis in the first quarter valued at approximately $39,000. TD Private Client Wealth LLC bought a new stake in Ziff Davis in the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. lifted its position in shares of Ziff Davis by 30.2% in the third quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after buying an additional 295 shares during 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.