Ziff Davis, Inc. (NASDAQ:ZD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $65.67.

ZD has been the topic of several research analyst reports. Citigroup cut their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th.

Ziff Davis Stock Down 5.4 %

ZD opened at $33.48 on Friday. Ziff Davis has a one year low of $32.86 and a one year high of $60.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $1.44 billion, a P/E ratio of 28.37 and a beta of 1.47. The business’s 50-day simple moving average is $45.43 and its 200-day simple moving average is $50.08.

Insider Buying and Selling

In other Ziff Davis news, Director W Brian Kretzmer acquired 653 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bret Richter bought 2,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. The trade was a 18.06 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 5,028 shares of company stock valued at $198,024 over the last three months. 2.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ziff Davis

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in Ziff Davis by 34.2% during the fourth quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company’s stock worth $24,111,000 after acquiring an additional 113,157 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Ziff Davis in the fourth quarter worth $755,000. Western Wealth Management LLC acquired a new position in shares of Ziff Davis during the fourth quarter worth approximately $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Ziff Davis by 17.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company’s stock valued at $8,529,000 after buying an additional 23,623 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC increased its position in shares of Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock valued at $292,000 after purchasing an additional 527 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.