Ziff Davis, Inc. (NASDAQ:ZD) Receives Average Recommendation of “Hold” from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $59.75.

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, August 10th. UBS Group upped their target price on shares of Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. started coverage on Ziff Davis in a research note on Friday. They issued a “neutral” rating and a $60.00 price target on the stock. Susquehanna raised their price target on Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th.

Ziff Davis Trading Up 1.7%

ZD stock opened at $56.22 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.32. Ziff Davis has a twelve month low of $22.45 and a twelve month high of $58.06. The company has a market cap of $1.93 billion, a P/E ratio of 3.18 and a beta of 1.09. The business has a fifty day moving average of $54.17 and a 200-day moving average of $47.26.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.22. The business had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The firm’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share.

Insider Transactions at Ziff Davis

In related news, CAO Lori A. Tansley sold 1,400 shares of Ziff Davis stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $54.76, for a total transaction of $76,664.00. Following the transaction, the chief accounting officer owned 767 shares of the company’s stock, valued at $42,000.92. This trade represents a 64.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeremy Rossen sold 3,819 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $54.93, for a total transaction of $209,777.67. Following the completion of the sale, the executive vice president directly owned 10,643 shares of the company’s stock, valued at $584,619.99. The trade was a 26.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,732 shares of company stock worth $425,436. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of Ziff Davis

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new position in Ziff Davis in the fourth quarter valued at about $25,000. Hantz Financial Services Inc. grew its position in shares of Ziff Davis by 212.2% in the 4th 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 during the period. Rockefeller Capital Management L.P. raised its holdings in Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after buying an additional 687 shares during the period. Allworth Financial LP bought a new position in Ziff Davis in the second quarter valued at approximately $44,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Ziff Davis during the fourth quarter worth $52,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.