Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus rating of “Reduce” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $37.50.

A number of analysts have recently commented on the company. Citigroup cut their price target on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Barclays reduced their target price 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 cut shares of Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th.

Institutional Investors Weigh In On Ziff Davis

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morningstar Investment Management LLC acquired a new position in shares of Ziff Davis in the third quarter worth approximately $1,264,000. Woodline Partners LP raised its holdings in Ziff Davis by 44.1% during the 3rd quarter. Woodline Partners LP now owns 11,030 shares of the technology company’s stock worth $420,000 after purchasing an additional 3,376 shares during the last quarter. XTX Topco Ltd bought a new position in Ziff Davis during the 3rd quarter worth approximately $584,000. Nomura Holdings Inc. acquired a new position in shares of Ziff Davis in the 3rd quarter worth approximately $678,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Ziff Davis in the 3rd quarter valued at $221,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $33.99 on Monday. The company’s 50 day moving average price is $33.83 and its two-hundred day moving average price is $34.68. The firm has a market capitalization of $1.34 billion, a P/E ratio of 13.49 and a beta of 1.44. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $56.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, meeting analysts’ consensus estimates of $1.76. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The company had revenue of $363.71 million during the quarter, compared to analysts’ expectations of $366.44 million. During the same period in the prior year, the company earned $1.64 EPS. Ziff Davis’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, equities analysts forecast that Ziff Davis will post 5.93 earnings per share for the current fiscal year.

Ziff Davis Company Profile

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.