Ziff Davis, Inc. (NASDAQ:ZD) Receives $61.17 Consensus Price Target from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $58.33.

Several equities analysts have weighed in on ZD shares. JPMorgan Chase & Co. lowered shares of Ziff Davis from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. UBS Group reduced their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup reduced their price target on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $30.75 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.06 and a beta of 1.47. The company’s 50-day moving average is $37.23 and its two-hundred day moving average is $47.96. Ziff Davis has a 1-year low of $29.34 and a 1-year high of $60.62.

Insider Activity

In related news, Director Sarah Ann Fay acquired 1,282 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares of the company’s stock, valued at $727,545. This represents a 7.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the purchase, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 5,028 shares of company stock valued at $198,024. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC grew its stake in shares of Ziff Davis by 55.6% during the third quarter. MML Investors Services LLC now owns 5,757 shares of the technology company’s stock worth $280,000 after purchasing an additional 2,057 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Ziff Davis during the 3rd quarter worth about $503,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ziff Davis in the 3rd quarter valued at about $37,000. Franklin Resources Inc. purchased a new position in shares of Ziff Davis in the 3rd quarter valued at about $986,000. Finally, Principal Financial Group Inc. lifted its stake in Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after purchasing an additional 56,352 shares during the last quarter. Institutional investors and hedge funds 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.