Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $38.83

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.50.

ZD has been the topic of a number of recent research reports. UBS Group decreased their target price on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday. Barclays dropped their price target on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. Citigroup lowered their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Wall Street Zen raised shares of Ziff Davis from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

Insider Transactions at Ziff Davis

In other news, Director Sarah Ann Fay purchased 1,354 shares of Ziff Davis stock in a transaction dated Monday, September 15th. The stock was acquired at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the acquisition, the director directly owned 23,619 shares in the company, valued at $871,304.91. This represents a 6.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.16% of the stock is currently owned by insiders.

Institutional Trading of Ziff Davis

Large investors have recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Ziff Davis in the 1st quarter valued at approximately $25,381,000. LSV Asset Management boosted its stake in Ziff Davis by 313.8% in the 2nd quarter. LSV Asset Management now owns 440,026 shares of the technology company’s stock valued at $13,320,000 after buying an additional 333,680 shares in the last quarter. Pale Fire Capital SE acquired a new stake in Ziff Davis in the 1st quarter valued at $9,370,000. Legal & General Group Plc grew its position in Ziff Davis by 9.0% in the second quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock valued at $80,794,000 after acquiring an additional 221,445 shares during the period. Finally, AQR Capital Management LLC raised its stake in Ziff Davis by 206.0% during the second quarter. AQR Capital Management LLC now owns 251,781 shares of the technology company’s stock worth $7,621,000 after acquiring an additional 169,505 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Ziff Davis Trading Up 0.2%

Shares of ZD stock opened at $32.27 on Friday. The stock has a 50-day simple moving average of $36.62 and a 200 day simple moving average of $34.21. The stock has a market capitalization of $1.32 billion, a P/E ratio of 21.51 and a beta of 1.61. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $60.62. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47.

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, meeting analysts’ consensus estimates of $1.76. The company had revenue of $363.71 million during the quarter, compared to the consensus estimate of $366.44 million. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. Ziff Davis’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. On average, sell-side analysts expect that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

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.