Ziff Davis (NASDAQ:ZD) Shares Gap Up – What’s Next?

Shares of Ziff Davis, Inc. (NASDAQ:ZD) gapped up prior to trading on Friday . The stock had previously closed at $48.99, but opened at $51.95. Ziff Davis shares last traded at $56.24, with a volume of 88,664 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ZD shares. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Citigroup lowered their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Barclays reduced their price target on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

Ziff Davis Trading Up 14.2 %

The stock has a market capitalization of $2.50 billion, a PE ratio of 34.43 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $47.44 and a 200-day moving average price of $49.91.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The company had revenue of $320.80 million for the quarter, compared to analysts’ expectations of $332.44 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZD. Rothschild Investment LLC bought a new position in Ziff Davis in the 2nd quarter worth about $25,000. Quest Partners LLC bought a new position in shares of Ziff Davis in the second quarter valued at approximately $38,000. Innealta Capital LLC purchased a new position in Ziff Davis during the second quarter valued at approximately $75,000. Blue Trust Inc. increased its holdings in Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after acquiring an additional 708 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Ziff Davis in the 2nd quarter worth approximately $93,000. 99.76% of the stock is owned by institutional investors.

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.