Ziff Davis Inc (NASDAQ:ZD) reported mixed results for the second quarter after the closing bell on Thursday.

The company quarterly earnings of $1.03 per share which met the analyst consensus estimate. The company reported quarterly sales of $286.700 million which missed the analyst consensus estimate of $299.755 million.

“With the successful sale of our Connectivity business, our significant share repurchases, and our robust free cash flow, Ziff Davis is in a very strong financial position,” said Vivek Shah, CEO of Ziff Davis. “We are focused on deploying capital strategically to maximize long-term shareholder returns.”

Ziff Davis shares gained 0.5% to trade at $54.12 on Monday.

These analysts made changes to their price targets on Ziff Davis following earnings announcement.

  • Susquehanna analyst Shyam Patil maintained the stock with a Positive and raised the price target from $60 to $75.
  • Citigroup analyst Ronald Josey maintained the stock with a Neutral and raised the price target from $48 to $59.

Considering buying ZD stock? Here’s what analysts think:

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