Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) PT at $47.25

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received an average recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.25.

A number of equities analysts have recently commented on ZD shares. Evercore restated an “outperform” rating and issued a $61.00 price objective on shares of Ziff Davis in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research report on Monday, May 11th. Susquehanna raised their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, May 11th.

Insiders Place Their Bets

In related news, EVP Jeremy Rossen sold 4,347 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $45.75, for a total value of $198,875.25. Following the sale, the executive vice president directly owned 22,462 shares of the company’s stock, valued at $1,027,636.50. This trade represents a 16.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently bought and sold shares of ZD. Federated Hermes Inc. purchased a new stake in Ziff Davis in the fourth quarter valued at approximately $25,000. NBC Securities Inc. raised its stake in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares in the last quarter. GAMMA Investing LLC grew its position in Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Ziff Davis by 226.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after acquiring an additional 687 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $46.18 on Thursday. The company’s 50-day moving average is $44.04 and its 200 day moving average is $38.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $1.70 billion, a P/E ratio of 40.87 and a beta of 1.13. Ziff Davis has a fifty-two week low of $22.45 and a fifty-two week high of $50.55.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $267.64 million for the quarter, compared to the consensus estimate of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. On average, equities research analysts forecast that Ziff Davis will post 4.08 earnings per share for the current year.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.