Ziff Davis (NASDAQ:ZD) Given New $38.00 Price Target at UBS Group

by · The Markets Daily

Ziff Davis (NASDAQ:ZD – Free Report) had its target price cut by UBS Group from $40.00 to $38.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

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

Read Our Latest Analysis on ZD

Ziff Davis Stock Down 1.1%

ZD stock opened at $32.22 on Monday. Ziff Davis has a one year low of $28.55 and a one year high of $60.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s fifty day moving average is $36.73 and its 200 day moving average is $34.20. The firm has a market cap of $1.32 billion, a PE ratio of 21.48 and a beta of 1.61.

Ziff Davis (NASDAQ:ZD – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.76. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The business had revenue of $363.71 million during the quarter, compared to the consensus estimate of $366.44 million. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The company’s revenue 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. On average, research analysts forecast that Ziff Davis will post 5.93 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sarah Ann Fay acquired 1,354 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were bought at an average price of $36.89 per share, for a total transaction of $49,949.06. Following the acquisition, the director owned 23,619 shares of the company’s stock, 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 hyperlink. Insiders own 2.16% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Corp acquired a new position in Ziff Davis during the third quarter worth about $35,000. Allworth Financial LP lifted its stake in Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after purchasing an additional 617 shares in the last quarter. State of Wyoming acquired a new position in shares of Ziff Davis during the 1st quarter worth approximately $39,000. TD Private Client Wealth LLC purchased a new stake in shares of Ziff Davis in the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. grew its position in shares of Ziff Davis by 30.2% in the third quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after purchasing an additional 295 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Company Profile

(Get Free Report)

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.

See Also