Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $53.00

Ziff Davis, Inc. (NASDAQ:ZD) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $56.6250.

A number of analysts recently commented on ZD shares. Evercore reiterated an “outperform” rating and set a $64.00 price objective on shares of Ziff Davis in a research report 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 11th. Barclays boosted their price target on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th.

Ziff Davis Trading Down 1.9%

Shares of ZD stock opened at $54.31 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.32. Ziff Davis has a 12-month low of $22.45 and a 12-month high of $58.06. The stock has a market capitalization of $1.86 billion, a P/E ratio of 3.07 and a beta of 1.08. The firm’s 50 day moving average is $51.26 and its 200 day moving average is $44.37.

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. The business had revenue of $286.74 million during the quarter, compared to analyst estimates of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS.

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the sale, the chief financial officer owned 29,244 shares of the company’s stock, valued at $1,370,958.72. The trade was a 38.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeremy Rossen sold 8,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $47.00, for a total value of $376,000.00. Following the completion of the sale, the executive vice president owned 14,462 shares of the company’s stock, valued at $679,714. This trade represents a 35.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,641 shares of company stock valued at $1,755,306 over the last three months. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new position in shares of Ziff Davis during the 4th quarter valued at about $25,000. NBC Securities Inc. increased its holdings in Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after acquiring an additional 485 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares during the period. Rockefeller Capital Management L.P. raised its stake in Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after acquiring an additional 687 shares during the period. Finally, Allworth Financial LP purchased a new position in Ziff Davis during the second quarter valued at approximately $44,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.