Ziff Davis, Inc. (NASDAQ:ZD) Receives $65.67 Average Target Price from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $65.67.

ZD has been the subject of a number of research analyst reports. UBS Group lowered their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Barclays lifted their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Citigroup decreased their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th.

Ziff Davis Stock Up 2.6 %

Shares of NASDAQ:ZD opened at $39.15 on Tuesday. The business has a 50-day moving average price of $51.67 and a 200 day moving average price of $51.25. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 33.18 and a beta of 1.42. Ziff Davis has a 12-month low of $37.62 and a 12-month high of $68.91.

Insider Transactions at Ziff Davis

In other news, Director W Brian Kretzmer purchased 653 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. This represents a 5.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sarah Ann Fay purchased 1,282 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the transaction, the director now owns 18,655 shares of the company’s stock, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis during the fourth quarter worth approximately $35,000. Quadrant Capital Group LLC raised its stake in shares of Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ziff Davis during the third quarter worth approximately $37,000. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis during the fourth quarter worth approximately $37,000. Finally, First Horizon Advisors Inc. raised its position in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

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.