Ziff Davis (NASDAQ:ZD) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of Ziff Davis (NASDAQ:ZDGet Rating) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $90.00 target price on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Susquehanna Bancshares lowered their price objective on shares of Ziff Davis from $140.00 to $120.00 and set a positive rating for the company in a research report on Thursday, August 11th. Royal Bank of Canada lowered their price target on shares of Ziff Davis from $125.00 to $110.00 and set an outperform rating for the company in a research report on Thursday, August 11th. Susquehanna lowered their price target on shares of Ziff Davis from $140.00 to $120.00 and set a positive rating for the company in a research report on Thursday, August 11th. Finally, JMP Securities reduced their price objective on shares of Ziff Davis from $110.00 to $100.00 and set a market outperform rating on the stock in a research note on Thursday, August 11th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ziff Davis currently has an average rating of Buy and a consensus target price of $104.29.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $74.56 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.12 and a quick ratio of 2.12. Ziff Davis has a fifty-two week low of $68.42 and a fifty-two week high of $143.09. The firm has a fifty day moving average price of $80.17 and a two-hundred day moving average price of $83.75. The company has a market cap of $3.52 billion, a PE ratio of 9.57 and a beta of 1.02.

Ziff Davis (NASDAQ:ZDGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. Ziff Davis had a net margin of 25.22% and a return on equity of 18.69%. The company had revenue of $337.30 million during the quarter, compared to the consensus estimate of $348.66 million. During the same period last year, the firm earned $2.36 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts expect that Ziff Davis will post 6.16 EPS for the current year.

Insider Buying and Selling at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,162 shares of Ziff Davis stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $86.49 per share, with a total value of $100,501.38. Following the transaction, the director now directly owns 11,070 shares in the company, valued at approximately $957,444.30. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently made changes to their positions in the business. Scout Investments Inc. purchased a new stake in Ziff Davis in the 1st quarter worth about $10,529,000. Ritholtz Wealth Management bought a new stake in Ziff Davis in the 1st quarter worth approximately $258,000. Affinity Capital Advisors LLC bought a new stake in Ziff Davis in the first quarter valued at approximately $406,000. Mountain Pacific Investment Advisers Inc. ID bought a new stake in Ziff Davis in the first quarter valued at approximately $17,437,000. Finally, Xponance Inc. purchased a new position in shares of Ziff Davis during the first quarter valued at approximately $666,000. 99.02% of the stock is currently owned by institutional investors.

About Ziff Davis

(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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Analyst Recommendations for Ziff Davis (NASDAQ:ZD)

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