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

Ziff Davis, Inc. (NASDAQ:ZD) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $65.67.

ZD has been the subject of a number of research reports. UBS Group decreased their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Citigroup lowered their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th.

Insider Activity

In other news, Director Sarah Ann Fay purchased 1,282 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares of the company’s stock, valued at $727,545. The trade was a 7.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, with a total value of $98,025.00. Following the transaction, 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. Insiders purchased a total of 5,028 shares of company stock valued at $198,024 over the last three months. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in Ziff Davis in the 4th quarter worth about $35,000. Quadrant Capital Group LLC lifted its position in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis during the third quarter worth approximately $37,000. Summit Securities Group LLC purchased a new position in Ziff Davis during the fourth quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. increased its stake in Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Down 7.2 %

Ziff Davis stock opened at $38.15 on Friday. Ziff Davis has a 12-month low of $37.62 and a 12-month high of $63.41. The stock has a market capitalization of $1.63 billion, a PE ratio of 32.33 and a beta of 1.42. The firm has a 50 day simple moving average of $47.20 and a 200-day simple moving average of $50.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

About Ziff Davis

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.