Barclays Cuts Ziff Davis (NASDAQ:ZD) Price Target to $75.00

Ziff Davis (NASDAQ:ZD – Get Rating) had its target price dropped by equities research analysts at Barclays from $85.00 to $75.00 in a note issued to investors on Thursday, The Fly reports. Barclays‘s target price suggests a potential upside of 19.60% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Citigroup dropped their target price on shares of Ziff Davis from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, February 17th. TheStreet downgraded shares of Ziff Davis from a “b-” rating to a “c” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.

Ziff Davis Trading Down 1.6 %

Shares of NASDAQ:ZD opened at $62.71 on Thursday. Ziff Davis has a 52 week low of $62.14 and a 52 week high of $94.58. The company’s 50 day moving average is $73.78 and its two-hundred day moving average is $80.44. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.96 billion, a PE ratio of 108.12 and a beta of 1.16.

Ziff Davis (NASDAQ:ZD – Get Rating) last posted its earnings results on Wednesday, February 15th. The technology company reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.22). The company had revenue of $396.70 million during the quarter, compared to analysts’ expectations of $400.54 million. Ziff Davis had a net margin of 4.58% and a return on equity of 15.76%. Equities analysts predict that Ziff Davis will post 5.79 earnings per share for the current fiscal year.

Institutional Trading of Ziff Davis

Large investors have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in shares of Ziff Davis in the 1st quarter worth $25,000. Dark Forest Capital Management LP lifted its stake in shares of Ziff Davis by 6,740.0% in the 4th quarter. Dark Forest Capital Management LP now owns 342 shares of the technology company’s stock worth $27,000 after acquiring an additional 337 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Ziff Davis in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC purchased a new position in shares of Ziff Davis in the 4th quarter valued at about $42,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Ziff Davis by 622.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 722 shares of the technology company’s stock valued at $49,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Ziff Davis Company Profile

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Ziff Davis, Inc is a digital media and internet company. It operates through the following segments: Digital Media and Cybersecurity and Martech. The Digital Media segment consists of a portfolio of web properties and apps which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle,Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter and What to Expect, among others.