Ziff Davis, Inc. (NASDAQ:ZD) Given Average Rating of "Moderate Buy" by Brokerages

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $71.50.

ZD has been the topic of a number of recent research reports. Wedbush reduced their target price on shares of Ziff Davis from $78.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, May 10th. Barclays reduced their target price on shares of Ziff Davis from $58.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, August 9th. Citigroup reduced their target price on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised shares of Ziff Davis from a "neutral" rating to an "overweight" rating and set a $70.00 target price on the stock in a research report on Thursday, May 2nd.

Ziff Davis Trading Up 0.4 %

NASDAQ:ZD traded up $0.17 during midday trading on Friday, reaching $43.41. 377,768 shares of the stock traded hands, compared to its average volume of 358,647. The company has a fifty day moving average of $49.89 and a 200 day moving average of $56.72. Ziff Davis has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $2.00 billion, a P/E ratio of 35.88 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.08). The firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. On average, research analysts predict that Ziff Davis will post 6.09 EPS for the current year.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently made changes to their positions in ZD. International Assets Investment Management LLC lifted its stake in shares of Ziff Davis by 5,392.5% in the 4th quarter. International Assets Investment Management LLC now owns 13,841 shares of the technology company's stock worth $930,000 after purchasing an additional 13,589 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ziff Davis by 3.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,521 shares of the technology company's stock worth $1,446,000 after acquiring an additional 740 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Ziff Davis in the 4th quarter worth approximately $867,000. Signaturefd LLC increased its holdings in Ziff Davis by 86.2% in the 4th quarter. Signaturefd LLC now owns 996 shares of the technology company's stock worth $67,000 after acquiring an additional 461 shares in the last quarter. Finally, Duality Advisers LP purchased a new stake in Ziff Davis in the 4th quarter worth approximately $349,000. Institutional investors own 99.76% of the company's stock.

About Ziff Davis

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.