UBS Group Has Lowered Expectations for Ziff Davis (NASDAQ:ZD) Stock Price

Ziff Davis (NASDAQ:ZD) had its price target cut by analysts at UBS Group from $40.00 to $38.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target would indicate a potential upside of 19.03% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. Barclays reiterated a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Wall Street Zen raised Ziff Davis from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Piper Sandler set a $40.00 price objective on Ziff Davis in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.50.

Ziff Davis Price Performance

Shares of ZD traded down $0.67 during trading hours on Monday, reaching $31.93. The stock had a trading volume of 388,948 shares, compared to its average volume of 549,086. The stock has a market capitalization of $1.31 billion, a PE ratio of 21.31 and a beta of 1.61. Ziff Davis has a 12 month low of $28.55 and a 12 month high of $60.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. The company’s 50-day moving average is $36.85 and its two-hundred day moving average is $34.20.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, hitting the consensus estimate of $1.76. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The business had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. During the same period last year, the company earned $1.64 EPS. The firm’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. Research analysts expect that Ziff Davis will post 5.93 EPS for the current year.

Insider Transactions at Ziff Davis

In other news, Director Sarah Ann Fay purchased 1,354 shares of the company’s stock in a transaction on Monday, September 15th. The stock was purchased at an average price of $36.89 per share, with a total value of $49,949.06. Following the completion of the purchase, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This trade represents a 6.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ziff Davis

Several institutional investors have recently added to or reduced their stakes in ZD. Blue Trust Inc. boosted its position in shares of Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after purchasing an additional 295 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Ziff Davis by 6.7% in the 1st quarter. Hsbc Holdings PLC now owns 7,447 shares of the technology company’s stock worth $279,000 after acquiring an additional 468 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Ziff Davis by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock worth $1,246,000 after purchasing an additional 550 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Ziff Davis by 5.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,806 shares of the technology company’s stock valued at $327,000 after purchasing an additional 578 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Ziff Davis by 2.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,628 shares of the technology company’s stock worth $1,129,000 after buying an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.