Ziff Davis (NASDAQ:ZD) Given New $48.00 Price Target at Barclays

Ziff Davis (NASDAQ:ZD) had its target price boosted by analysts at Barclays from $45.00 to $48.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 16.45% from the company’s current price.

A number of other analysts have also recently commented on ZD. Piper Sandler set a $48.00 price objective on Ziff Davis in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Citigroup boosted their price target on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. Finally, Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ziff Davis presently has a consensus rating of “Hold” and an average target price of $44.38.

Ziff Davis Price Performance

Shares of Ziff Davis stock traded up $0.20 on Monday, reaching $41.22. The company’s stock had a trading volume of 81,618 shares, compared to its average volume of 910,969. The company has a market capitalization of $1.56 billion, a P/E ratio of 36.59 and a beta of 1.14. Ziff Davis has a 52-week low of $22.45 and a 52-week high of $50.55. The stock has a 50-day moving average price of $42.48 and a 200-day moving average price of $37.25. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $267.64 million during the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. Analysts expect that Ziff Davis will post 4.26 EPS for the current year.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its stake in Ziff Davis by 17.5% during the fourth quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock worth $31,906,000 after buying an additional 135,021 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Ziff Davis by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock worth $30,249,000 after buying an additional 82,761 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ziff Davis by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company’s stock worth $29,354,000 after buying an additional 44,923 shares during the last quarter. Nuveen LLC boosted its stake in Ziff Davis by 10.2% during the fourth quarter. Nuveen LLC now owns 808,325 shares of the technology company’s stock worth $28,413,000 after buying an additional 75,047 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Ziff Davis by 260.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock worth $21,005,000 after buying an additional 431,828 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

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.