Ziff Davis (NASDAQ:ZD) Stock Rating Reaffirmed by Royal Bank of Canada

Ziff Davis (NASDAQ:ZD)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a research note issued on Friday, Benzinga reports. They presently have a $95.00 price target on the technology company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 104.70% from the company’s current price.

Other research analysts have also issued research reports about the company. Barclays cut their target price on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Wedbush dropped their price objective on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, May 10th. Finally, Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and an average price target of $71.50.

Ziff Davis Stock Performance

NASDAQ ZD opened at $46.41 on Friday. The business’s 50 day moving average price is $47.23 and its 200-day moving average price is $54.34. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The company has a market cap of $2.14 billion, a P/E ratio of 38.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. During the same quarter last year, the firm earned $1.12 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts predict that Ziff Davis will post 6.1 earnings per share for the current year.

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently bought and sold shares of ZD. Rothschild Investment LLC purchased a new position in shares of Ziff Davis during the second quarter valued at $25,000. EverSource Wealth Advisors LLC increased its position in Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after purchasing an additional 402 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $34,000. Quest Partners LLC purchased a new stake in shares of Ziff Davis in the 2nd quarter worth approximately $38,000. Finally, Bfsg LLC bought a new position in shares of Ziff Davis during the first quarter valued at approximately $49,000. 99.76% of the stock is owned by institutional investors.

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.