Ziff Davis (NASDAQ:ZD) Given New $38.00 Price Target at UBS Group

Ziff Davis (NASDAQ:ZD) had its target price decreased by UBS Group from $40.00 to $38.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s target price would indicate a potential upside of 19.03% from the company’s previous close.

ZD has been the subject of a number of other research reports. Barclays restated a “positive” rating on shares of Ziff Davis in a research report on Friday, August 8th. Wall Street Zen upgraded Ziff Davis from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Piper Sandler set a $40.00 target price on Ziff Davis in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of “Hold” and a consensus target price of $37.50.

Ziff Davis Price Performance

Shares of NASDAQ ZD traded down $0.67 during mid-day trading on Monday, reaching $31.93. The company’s stock had a trading volume of 388,948 shares, compared to its average volume of 549,086. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59. Ziff Davis has a 52 week low of $28.55 and a 52 week high of $60.62. The stock has a fifty day moving average of $36.85 and a two-hundred day moving average of $34.20. The firm has a market capitalization of $1.31 billion, a PE ratio of 21.31 and a beta of 1.61.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, hitting analysts’ consensus estimates of $1.76. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The company had revenue of $363.71 million for the quarter, compared to analysts’ expectations of $366.44 million. During the same period in the previous year, the firm earned $1.64 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, sell-side analysts anticipate that Ziff Davis will post 5.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sarah Ann Fay purchased 1,354 shares of Ziff Davis stock in a transaction that occurred on Monday, September 15th. The shares were bought at an average price of $36.89 per share, with a total value of $49,949.06. Following the purchase, the director directly owned 23,619 shares of the company’s stock, valued at approximately $871,304.91. This represents a 6.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of Ziff Davis by 3.5% during the 2nd quarter. Nordea Investment Management AB now owns 1,035,836 shares of the technology company’s stock valued at $31,438,000 after buying an additional 35,197 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Ziff Davis during the second quarter worth $1,967,000. AlphaQuest LLC acquired a new stake in Ziff Davis during the second quarter valued at $267,000. Bastion Asset Management Inc. acquired a new position in shares of Ziff Davis in the second quarter worth about $1,029,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Ziff Davis by 13.3% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 414,105 shares of the technology company’s stock valued at $12,535,000 after purchasing an additional 48,655 shares during the period. Institutional investors own 99.76% of the company’s stock.

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.