RBC Capital analyst Rishi Jaluria maintained a Buy rating on Ziff Davis, Inc. (ZD – Research Report) on April 24 and set a price target of $95.00. The company’s shares closed yesterday at $51.21.
According to TipRanks, Jaluria is a 4-star analyst with an average return of 3.4% and a 51.33% success rate. Jaluria covers the Technology sector, focusing on stocks such as Palantir Technologies, Pegasystems, and Salesforce.
Currently, the analyst consensus on Ziff Davis, Inc. is a Moderate Buy with an average price target of $78.20.
Based on Ziff Davis, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $389.89 million and a net profit of $63.42 million. In comparison, last year the company earned a revenue of $396.7 million and had a net profit of $67.47 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZD in relation to earlier this year.
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Ziff Davis, Inc. (ZD) Company Description:
J2 Global, Inc. is a holding company, which engages in the provision of Internet services. It operates through the following segments: Business Cloud Services and Digital Media. The Business Cloud Services segment offers online fax, virtual phone system, unified communications, online backup, customer relationship management, intellectual property licensing, global network operations, and customer support. The Digital Media segment includes display and video advertising, performance marketing, web properties, and licensing activities. The company was founded by Jaye Muller and John F. Rieley in December 1995 and is headquartered in Los Angeles, CA.
