Robert W. Baird Trims Ziff Davis (NASDAQ:ZD) Target Price to $100.00

Ziff Davis (NASDAQ:ZD – Get Rating) had its target price dropped by stock analysts at Robert W. Baird from $125.00 to $100.00 in a research note issued on Thursday, The Fly reports. Robert W. Baird’s price objective would indicate a potential upside of 34.07% from the company’s previous close.

Separately, Zacks Investment Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 15th.

Ziff Davis stock opened at $74.59 on Thursday. Ziff Davis has a 1-year low of $73.74 and a 1-year high of $147.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.62 and a quick ratio of 2.62. The stock has a market cap of $3.53 billion, a PE ratio of 7.26 and a beta of 1.05. The stock’s fifty day moving average is $94.70 and its two-hundred day moving average is $101.96.

Ziff Davis (NASDAQ:ZD – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The technology company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. Ziff Davis had a return on equity of 27.40% and a net margin of 29.47%. The company had revenue of $315.10 million for the quarter, compared to analysts’ expectations of $319.49 million. During the same period last year, the firm earned $2.09 earnings per share. Ziff Davis’s quarterly revenue was down 20.9% on a year-over-year basis. On average, research analysts expect that Ziff Davis will post 6.3 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZD. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Ziff Davis by 2.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 70,698 shares of the technology company’s stock worth $6,122,000 after buying an additional 2,012 shares during the last quarter. Scout Investments Inc. purchased a new position in shares of Ziff Davis during the first quarter worth about $10,529,000. Ritholtz Wealth Management purchased a new position in shares of Ziff Davis during the first quarter worth about $258,000. Affinity Capital Advisors LLC purchased a new stake in Ziff Davis in the 1st quarter valued at approximately $406,000. Finally, Mountain Pacific Investment Advisers Inc. ID purchased a new stake in Ziff Davis in the 1st quarter valued at approximately $17,437,000. 99.88% of the stock is currently owned by hedge funds and other 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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