Ziff Davis, Inc. (NASDAQ:ZD) Receives $47.25 Average Price Target from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.25.

Several brokerages recently issued reports on ZD. Evercore reissued an “outperform” rating and issued a $61.00 price target on shares of Ziff Davis in a report on Tuesday, May 12th. Royal Bank Of Canada increased their target price on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Piper Sandler set a $48.00 target price on Ziff Davis in a research note on Monday, May 11th. Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, Barclays boosted their price target on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th.

Ziff Davis Price Performance

ZD opened at $53.98 on Friday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 47.77 and a beta of 1.08. Ziff Davis has a fifty-two week low of $22.45 and a fifty-two week high of $54.75. The company’s 50-day moving average price is $47.13 and its 200 day moving average price is $41.88. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. Ziff Davis’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share.

Insider Activity at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 8,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the transaction, the executive vice president directly owned 14,462 shares of the company’s stock, valued at $679,714. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bret Richter sold 18,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the transaction, the chief financial officer owned 29,244 shares of the company’s stock, valued at approximately $1,370,958.72. This trade represents a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,422 shares of company stock worth $1,468,864 in the last ninety days. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Ziff Davis

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new stake in Ziff Davis in the 4th quarter valued at approximately $25,000. NBC Securities Inc. raised its stake in Ziff Davis by 121.2% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after acquiring an additional 485 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares during the period. GAMMA Investing LLC boosted its position in Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after acquiring an additional 611 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after purchasing an additional 687 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Company Profile

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.