Ziff Davis (NASDAQ:ZD) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Ziff Davis, Inc. (NASDAQ:ZD)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $49.82 and traded as high as $55.28. Ziff Davis shares last traded at $54.90, with a volume of 341,349 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on ZD. Weiss Ratings upgraded Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research raised shares of Ziff Davis to a “hold” rating in a research note on Tuesday, September 15th. Susquehanna raised their target price on shares of Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Monday, August 10th. Citigroup lifted their price target on shares of Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Ziff Davis in a research note on Friday, September 11th. They set a “neutral” rating and a $60.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.75.

Ziff Davis Stock Up 1.1%

The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 3.20 and a beta of 1.11. The business’s 50-day moving average is $55.67 and its two-hundred day moving average is $49.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.16 and a current ratio of 2.16.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The firm had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. During the same quarter in the previous year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was down 18.7% on a year-over-year basis. On average, equities analysts anticipate that Ziff Davis, Inc. will post 4.26 earnings per share for the current year.

Insider Activity at Ziff Davis

In related news, CAO Lori Tansley sold 1,400 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total transaction of $76,664.00. Following the sale, the chief accounting officer owned 767 shares of the company’s stock, valued at approximately $42,000.92. This trade represents a 64.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W. Brian Kretzmer sold 2,513 shares of Ziff Davis stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total value of $138,994.03. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $1,106,200. This represents a 11.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,732 shares of company stock worth $425,436 in the last quarter. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently modified their holdings of ZD. Insight Wealth Strategies LLC acquired a new stake in Ziff Davis during the 3rd quarter worth approximately $5,815,000. QRG Capital Management Inc. boosted its holdings in shares of Ziff Davis by 5.2% in the second quarter. QRG Capital Management Inc. now owns 6,358 shares of the technology company’s stock valued at $333,000 after buying an additional 316 shares during the period. Tidal Investments LLC bought a new stake in shares of Ziff Davis during the second quarter worth $228,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Ziff Davis during the second quarter worth $58,000. Finally, Varde Management L.P. lifted its position in Ziff Davis by 16.9% in the 2nd quarter. Varde Management L.P. now owns 624,028 shares of the technology company’s stock valued at $32,680,000 after acquiring an additional 90,000 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Company Profile

Ziff Davis, Inc (NASDAQ:ZD) is a digital media and technology company that creates content, services and online experiences for consumers and businesses. Its portfolio spans technology, gaming and entertainment, shopping, health and wellness, and cybersecurity and marketing technology.

The company operates a range of digital brands and platforms, including IGN, PCMag, Mashable, Lifehacker, RetailMeNot, Ookla, Spiceworks and Humble Bundle. Its offerings include editorial content and reviews, consumer purchase guidance, gaming and entertainment coverage, internet-performance testing, software and data services, and business-to-business marketing solutions.

Ziff Davis traces its origins to the magazine publisher founded in 1927 by William Bernard Ziff and Bernard G.