Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Rating of “Hold” by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $37.50.

Several research firms have recently issued reports on ZD. Barclays cut their price objective on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Wall Street Zen lowered shares of Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Citigroup decreased their price target on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, November 10th. UBS Group dropped their price objective on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th.

Ziff Davis Price Performance

Shares of ZD opened at $40.04 on Friday. The company has a 50 day moving average of $34.79 and a two-hundred day moving average of $35.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. Ziff Davis has a twelve month low of $28.55 and a twelve month high of $55.69. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 15.89 and a beta of 1.44.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, meeting the consensus estimate of $1.76. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The firm had revenue of $363.71 million during the quarter, compared to analyst estimates of $366.44 million. During the same quarter in the prior year, the business posted $1.64 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, analysts predict that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ziff Davis

A number of large investors have recently bought and sold shares of the company. Range Financial Group LLC acquired a new position in Ziff Davis in the 4th quarter worth approximately $1,297,000. Wedge Capital Management L L P NC boosted its holdings in shares of Ziff Davis by 14.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 67,607 shares of the technology company’s stock valued at $2,376,000 after acquiring an additional 8,721 shares during the last quarter. Brave Asset Management Inc. increased its stake in shares of Ziff Davis by 3.4% in the fourth quarter. Brave Asset Management Inc. now owns 420,155 shares of the technology company’s stock worth $14,768,000 after acquiring an additional 13,660 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ziff Davis by 42.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,931 shares of the technology company’s stock worth $443,000 after acquiring an additional 3,847 shares during the period. Finally, GAMMA Investing LLC lifted its position in Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after purchasing an additional 611 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.