Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $65.67

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $65.67.

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

Insider Buying and Selling

In related news, Director Sarah Ann Fay purchased 1,282 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the acquisition, the director now owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bret Richter purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $39.21 per share, with a total value of $98,025.00. Following the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 5,028 shares of company stock worth $198,024. 2.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ziff Davis

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock worth $2,623,000 after purchasing an additional 22,155 shares during the last quarter. Franklin Resources Inc. acquired a new position in Ziff Davis in the third quarter valued at about $986,000. Virtu Financial LLC purchased a new stake in Ziff Davis during the third quarter worth about $503,000. Empowered Funds LLC purchased a new stake in Ziff Davis during the third quarter worth about $7,210,000. Finally, Principal Financial Group Inc. increased its stake in Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after purchasing an additional 56,352 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $40.85 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis has a 1-year low of $37.62 and a 1-year high of $68.53. The company has a market capitalization of $1.75 billion, a P/E ratio of 34.62 and a beta of 1.42. The firm’s 50 day simple moving average is $51.03 and its two-hundred day simple moving average is $51.18.

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.