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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $81.17.

Several equities analysts recently weighed in on the company. Wedbush increased their target price on Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Evercore ISI increased their target price on Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, February 23rd. Barclays increased their target price on Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Finally, UBS Group dropped their price target on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th.

Ziff Davis Stock Performance

NASDAQ ZD opened at $53.78 on Friday. Ziff Davis has a fifty-two week low of $52.83 and a fifty-two week high of $78.11. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 65.59 and a beta of 1.19. The business has a fifty day moving average of $64.23 and a 200-day moving average of $64.42. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.02. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. The firm had revenue of $389.89 million for the quarter, compared to the consensus estimate of $400.71 million. As a group, analysts predict that Ziff Davis will post 6.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jeremy Rossen sold 4,162 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the sale, the executive vice president now owns 7,261 shares in the company, valued at $504,131.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ziff Davis

A number of large investors have recently modified their holdings of ZD. Zions Bancorporation N.A. acquired a new stake in shares of Ziff Davis in the first quarter valued at about $25,000. Fifth Third Bancorp grew its stake in shares of Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock valued at $31,000 after buying an additional 378 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after buying an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Ziff Davis in the fourth quarter valued at about $34,000. Finally, Headinvest LLC acquired a new stake in shares of Ziff Davis in the third quarter valued at about $44,000. 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.