Ziff Davis, Inc. (NASDAQ:ZD) Receives $65.67 Average Price Target from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $65.67.

A number of analysts have recently weighed in on the company. UBS Group lowered their target price 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. JPMorgan Chase & Co. lowered their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup reduced their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th.

Ziff Davis Stock Up 2.3 %

NASDAQ ZD opened at $38.63 on Friday. The stock’s 50 day simple moving average is $46.20 and its 200 day simple moving average is $50.29. Ziff Davis has a one year low of $36.82 and a one year high of $60.96. The firm has a market cap of $1.66 billion, a PE ratio of 32.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Insider Buying and Selling at Ziff Davis

In related news, Director W Brian Kretzmer bought 653 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 purchased at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the transaction, the chief financial officer now directly owns 16,339 shares in the company, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,028 shares of company stock worth $198,024. Company insiders own 2.08% of the company’s stock.

Institutional Trading of Ziff Davis

Hedge funds have recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis in the fourth quarter valued at about $35,000. Quadrant Capital Group LLC increased its position in shares of Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis during the 3rd quarter worth approximately $37,000. Summit Securities Group LLC acquired a new stake in shares of Ziff Davis in the 4th quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Ziff Davis by 42.9% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.