UBS Group Has Lowered Expectations for Ziff Davis (NASDAQ:ZD) Stock Price

Ziff Davis (NASDAQ:ZD) had its price target dropped by stock analysts at UBS Group from $40.00 to $38.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target would indicate a potential upside of 17.76% from the company’s current price.

Several other research analysts have also weighed in on ZD. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. Piper Sandler set a $40.00 price target on shares of Ziff Davis in a research report on Friday, August 8th. Barclays restated a “positive” rating on shares of Ziff Davis in a report on Friday, August 8th. Finally, Wall Street Zen raised Ziff Davis from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.50.

Ziff Davis Trading Up 0.2%

NASDAQ:ZD opened at $32.27 on Monday. The stock has a fifty day moving average price of $36.62 and a two-hundred day moving average price of $34.21. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 21.51 and a beta of 1.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. Ziff Davis has a 1 year low of $28.55 and a 1 year high of $60.62.

Ziff Davis (NASDAQ:ZD) last issued its earnings results on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, hitting the consensus estimate of $1.76. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The company had revenue of $363.71 million for the quarter, compared to analyst estimates of $366.44 million. During the same period in the previous year, the firm earned $1.64 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, sell-side analysts anticipate that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay acquired 1,354 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was acquired at an average cost of $36.89 per share, with a total value of $49,949.06. Following the purchase, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This trade represents a 6.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ziff Davis

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its holdings in Ziff Davis by 3.5% in the 2nd quarter. Nordea Investment Management AB now owns 1,035,836 shares of the technology company’s stock valued at $31,438,000 after acquiring an additional 35,197 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Ziff Davis during the second quarter worth $1,967,000. Bastion Asset Management Inc. purchased a new stake in shares of Ziff Davis in the second quarter valued at $1,029,000. AlphaQuest LLC acquired a new position in Ziff Davis in the second quarter valued at $267,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Ziff Davis by 13.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 414,105 shares of the technology company’s stock worth $12,535,000 after buying an additional 48,655 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.