Recent Research Analysts’ Ratings Changes for Ziff Davis (ZD)

A number of research firms have changed their ratings and price targets for Ziff Davis (NASDAQ: ZD):

• 5/12/2022 – Ziff Davis had its price target lowered by analysts at Susquehanna Bancshares, Inc. from $225.00 to $140.00.
• 5/12/2022 – Ziff Davis had its price target lowered by analysts at Wedbush from $150.00 to $90.00.
• 5/12/2022 – Ziff Davis had its price target lowered by analysts at Susquehanna from $225.00 to $140.00.
• 5/12/2022 – Ziff Davis had its price target lowered by analysts at Robert W. Baird from $125.00 to $100.00.

Shares of NASDAQ ZD opened at $77.82 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.76 and a current ratio of 2.76. Ziff Davis, Inc. has a one year low of $73.42 and a one year high of $147.35. The firm has a market capitalization of $3.68 billion, a P/E ratio of 8.54 and a beta of 1.05. The company’s fifty day moving average is $92.89 and its two-hundred day moving average is $100.95.

Ziff Davis (NASDAQ:ZD – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The technology company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. Ziff Davis had a return on equity of 22.44% and a net margin of 27.66%. The business had revenue of $315.10 million for the quarter, compared to analyst estimates of $319.49 million. During the same quarter in the previous year, the company earned $2.09 EPS. The company’s quarterly revenue was down 20.9% on a year-over-year basis. On average, sell-side analysts forecast that Ziff Davis, Inc. will post 6.3 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. lifted its stake 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 valued at $6,122,000 after buying an additional 2,012 shares during the period. Scout Investments Inc. purchased a new position in shares of Ziff Davis during the 1st quarter worth $10,529,000. Ritholtz Wealth Management acquired a new stake in shares of Ziff Davis during the first quarter worth $258,000. Affinity Capital Advisors LLC purchased a new stake in shares of Ziff Davis in the first quarter valued at $406,000. Finally, Mountain Pacific Investment Advisers Inc. ID acquired a new position in Ziff Davis in the first quarter valued at $17,437,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

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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