Ziff Davis (NASDAQ:ZD) Price Target Lowered to $34.00 at Barclays

Ziff Davis (NASDAQ:ZD) had its price objective decreased by analysts at Barclays from $40.00 to $34.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 6.50% from the stock’s previous close.

ZD has been the topic of a number of other reports. UBS Group decreased their price objective on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Ziff Davis from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Piper Sandler set a $40.00 target price on Ziff Davis in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.50.

Ziff Davis Price Performance

ZD traded down $0.67 during midday trading on Monday, hitting $31.93. 388,948 shares of the company traded hands, compared to its average volume of 549,086. Ziff Davis has a 52-week low of $28.55 and a 52-week high of $60.62. The business has a 50 day simple moving average of $36.85 and a two-hundred day simple moving average of $34.20. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 21.28 and a beta of 1.61.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, meeting the consensus estimate of $1.76. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The business had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. During the same quarter last year, the business posted $1.64 earnings per share. The business’s quarterly 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.

Insider Buying and Selling

In related news, Director Sarah Ann Fay purchased 1,354 shares of Ziff Davis stock in a transaction that occurred on Monday, September 15th. The stock was purchased at an average cost of $36.89 per share, with a total value of $49,949.06. Following the completion of the transaction, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. The trade was a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Institutional Trading of Ziff Davis

A number of large investors have recently made changes to their positions in the company. Clark Estates Inc. NY lifted its position in Ziff Davis by 5.6% in the third quarter. Clark Estates Inc. NY now owns 61,550 shares of the technology company’s stock valued at $2,345,000 after purchasing an additional 3,250 shares during the period. Semanteon Capital Management LP purchased a new position in shares of Ziff Davis in the 3rd quarter valued at about $566,000. CenterBook Partners LP purchased a new stake in Ziff Davis during the third quarter worth about $402,000. Bastion Asset Management Inc. lifted its position in shares of Ziff Davis by 92.2% during the 3rd quarter. Bastion Asset Management Inc. now owns 63,950 shares of the technology company’s stock valued at $2,423,000 after acquiring an additional 30,679 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of Ziff Davis by 11.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 159,924 shares of the technology company’s stock worth $6,093,000 after acquiring an additional 16,397 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

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.