Ziff Davis, Inc. (NASDAQ:ZD) Stock Rated “Hold” by Wall Street Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $60.67.

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Evercore reaffirmed an “outperform” rating and set a $64.00 price target on shares of Ziff Davis in a research note on Monday, August 10th. Yorkville Ives assumed 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. Citigroup boosted their price objective on shares of Ziff Davis from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, UBS Group boosted their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $55.95 on Friday. 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 stock has a market capitalization of $1.92 billion, a P/E ratio of 3.17 and a beta of 1.11. The stock has a 50-day moving average price of $56.52 and a 200 day moving average price of $47.20. Ziff Davis has a 12-month low of $22.45 and a 12-month high of $60.48.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $286.10 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue was down 18.7% on a year-over-year basis. Equities research analysts forecast that Ziff Davis will post 4.41 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lori A. Tansley sold 1,400 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total value of $76,664.00. Following the transaction, the chief accounting officer owned 767 shares of the company’s stock, valued at $42,000.92. This represents a 64.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Rossen sold 3,819 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $584,619.99. This trade represents a 26.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,732 shares of company stock valued at $425,436. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Ziff Davis by 226.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after purchasing an additional 687 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Ziff Davis in the 2nd quarter worth approximately $44,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Ziff Davis in the 2nd quarter worth approximately $58,000. Nykredit A S bought a new position in shares of Ziff Davis during the second quarter valued at approximately $68,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Ziff Davis by 17.1% during the first quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company’s stock valued at $92,000 after buying an additional 319 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.