Ziff Davis, Inc. (ZD) – What Are Researchers Saying About This Stock?

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.67.

Several research firms have recently commented on ZD. Evercore reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Ziff Davis in a research note on Monday, August 10th. Weiss Ratings upgraded Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Yorkville Ives initiated coverage on shares of Ziff Davis in a report on Wednesday, October 7th. They set an “outperform” rating and a $68.00 price objective for the company. Zacks Research upgraded Ziff Davis to a “hold” rating in a research report on Tuesday, September 15th. Finally, Susquehanna raised their target price on shares of Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a report on Monday, August 10th.

Insiders Place Their Bets

In other news, EVP Jeremy Rossen sold 3,819 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $54.93, for a total value of $209,777.67. Following the completion of the transaction, the executive vice president directly owned 10,643 shares of the company’s stock, valued at approximately $584,619.99. The trade was a 26.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lori A. Tansley sold 1,400 shares of Ziff Davis stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 767 shares in the company, valued at approximately $42,000.92. The trade was a 64.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,732 shares of company stock worth $425,436 in the last ninety days. 3.40% of the stock is owned by company insiders.

Institutional Trading of Ziff Davis

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in Ziff Davis in the 2nd quarter worth $10,740,000. Corsair Capital Management L.P. acquired a new stake in Ziff Davis during the 1st quarter worth about $1,888,000. Varde Management L.P. grew its stake in Ziff Davis by 16.9% during the 2nd quarter. Varde Management L.P. now owns 624,028 shares of the technology company’s stock valued at $32,680,000 after purchasing an additional 90,000 shares during the last quarter. Aldebaran Capital LLC purchased a new stake in Ziff Davis during the 1st quarter valued at about $1,728,000. Finally, NewGen Asset Management Ltd acquired a new position in shares of Ziff Davis in the first quarter valued at about $2,203,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Down 0.1%

Ziff Davis stock opened at $57.89 on Friday. The stock has a fifty day simple moving average of $56.41 and a two-hundred day simple moving average of $50.99. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 3.28 and a beta of 1.11. Ziff Davis has a 12 month low of $22.45 and a 12 month high of $60.48.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share 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 business had revenue of $286.74 million during the quarter, compared to analyst estimates of $286.10 million. During the same period in the previous year, the business earned $1.24 EPS. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. Equities analysts predict that Ziff Davis will post 4.26 EPS for the current fiscal year.

About Ziff Davis

Ziff Davis, Inc is a digital media and technology company that operates a portfolio of online brands serving consumers, technology professionals, businesses and advertisers. Its properties cover technology, gaming and entertainment, shopping, health and wellness, and related digital services.

The company’s brands include PCMag, Mashable, IGN, Humble Bundle, RetailMeNot, Spiceworks, Ookla and its Speedtest and Downdetector services, as well as health and wellness publications and platforms operated through its Everyday Health Group.