Q1 2023 Earnings Forecast for Ziff Davis, Inc. Issued By Wedbush (NASDAQ:ZD)

Ziff Davis, Inc. (NASDAQ:ZDGet Rating) – Stock analysts at Wedbush dropped their Q1 2023 earnings estimates for shares of Ziff Davis in a research note issued on Thursday, November 10th. Wedbush analyst D. Ives now expects that the technology company will post earnings of $1.34 per share for the quarter, down from their prior forecast of $1.37. The consensus estimate for Ziff Davis’ current full-year earnings is $6.33 per share. Wedbush also issued estimates for Ziff Davis’ Q2 2023 earnings at $1.55 EPS and FY2023 earnings at $6.72 EPS.

ZD has been the topic of several other research reports. Robert W. Baird decreased their price target on shares of Ziff Davis from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday. Evercore ISI initiated coverage on Ziff Davis in a research note on Tuesday, September 20th. They issued an “outperform” rating and a $90.00 target price on the stock. Royal Bank of Canada reduced their target price on Ziff Davis from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Susquehanna reduced their target price on Ziff Davis from $140.00 to $120.00 and set a “positive” rating on the stock in a research note on Thursday, August 11th. Finally, Susquehanna Bancshares reduced their target price on Ziff Davis from $140.00 to $120.00 and set a “positive” rating on the stock in a research note on Thursday, August 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $103.57.

Ziff Davis Trading Up 1.6 %

Ziff Davis stock opened at $88.00 on Monday. The stock has a market cap of $4.15 billion, a P/E ratio of 12.05 and a beta of 1.05. Ziff Davis has a fifty-two week low of $66.85 and a fifty-two week high of $133.15. The firm’s fifty day moving average price is $74.42 and its 200-day moving average price is $77.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.12 and a current ratio of 2.12.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay purchased 1,162 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average cost of $86.49 per share, for a total transaction of $100,501.38. Following the completion of the transaction, the director now directly owns 11,070 shares in the company, valued at approximately $957,444.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Ziff Davis

A number of institutional investors have recently modified their holdings of ZD. Zions Bancorporation N.A. purchased a new stake in shares of Ziff Davis during the first quarter worth about $25,000. Whittier Trust Co. purchased a new stake in Ziff Davis in the first quarter worth about $26,000. JJJ Advisors Inc. purchased a new stake in Ziff Davis in the first quarter worth about $30,000. Ronald Blue Trust Inc. purchased a new stake in Ziff Davis in the second quarter worth about $30,000. Finally, Quadrant Capital Group LLC lifted its holdings in Ziff Davis by 622.0% in the third quarter. Quadrant Capital Group LLC now owns 722 shares of the technology company’s stock worth $49,000 after buying an additional 622 shares during the period. 99.02% of the stock is currently owned by hedge funds and other institutional investors.

About Ziff Davis

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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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