Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $65.67.
ZD has been the subject of several research reports. Citigroup decreased their target price on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on 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, UBS Group dropped their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th.
View Our Latest Stock Analysis on Ziff Davis
Ziff Davis Trading Down 0.2 %
NASDAQ:ZD traded down $0.09 during trading hours on Friday, hitting $37.67. The company had a trading volume of 72,820 shares, compared to its average volume of 460,761. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50-day moving average price of $46.50 and a 200 day moving average price of $50.37. The company has a market capitalization of $1.61 billion, a PE ratio of 31.92 and a beta of 1.42. Ziff Davis has a 52 week low of $36.82 and a 52 week high of $60.96.
Insider Transactions at Ziff Davis
In related news, CFO Bret Richter acquired 2,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the acquisition, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Brian Kretzmer bought 653 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares of the company's stock, valued at $497,063.44. The trade was a 5.30 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 5,028 shares of company stock valued at $198,024. Insiders own 2.08% of the company's stock.
Hedge Funds Weigh In On Ziff Davis
Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock worth $1,365,000 after buying an additional 216 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after purchasing an additional 249 shares during the period. First Horizon Advisors Inc. increased its position in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after buying an additional 260 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock worth $424,000 after buying an additional 271 shares during the period. Finally, Quadrant Capital Group LLC lifted 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 valued at $36,000 after buying an additional 488 shares in the last quarter. 99.76% of the stock is owned by institutional investors.
About Ziff Davis
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Get Free ReportZiff 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.
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