Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $81.17.

Several brokerages recently weighed in on ZD. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, February 23rd. Barclays boosted their price objective on Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. UBS Group lowered their target price on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. Evercore ISI upped their target price on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Wedbush upped their target price on Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, February 23rd.

Ziff Davis Stock Up 1.8 %

Shares of Ziff Davis stock opened at $51.60 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.38 billion, a P/E ratio of 62.93 and a beta of 1.19. Ziff Davis has a fifty-two week low of $50.15 and a fifty-two week high of $75.58. The business has a 50-day moving average price of $62.72 and a 200 day moving average price of $63.98.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.02. The firm had revenue of $389.89 million during the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. On average, sell-side analysts forecast that Ziff Davis will post 6.23 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the completion of the transaction, the executive vice president now directly owns 7,261 shares in the company, valued at $504,131.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.08% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently made changes to their positions in ZD. Zions Bancorporation N.A. acquired a new stake in Ziff Davis in the first quarter worth approximately $25,000. Fifth Third Bancorp lifted its position in Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after purchasing an additional 378 shares during the period. EverSource Wealth Advisors LLC lifted its position in Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after purchasing an additional 402 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in Ziff Davis in the fourth quarter worth approximately $34,000. Finally, Headinvest LLC acquired a new stake in Ziff Davis in the third quarter worth approximately $44,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.