Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Rating of "Hold" from Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have earned a consensus rating of "Hold" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.17.

A number of brokerages have recently weighed in on ZD. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $60.00 to $33.00 in a research report on Tuesday. UBS Group dropped their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Citigroup reduced their price target on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $30.31 on Wednesday. Ziff Davis has a 12 month low of $29.34 and a 12 month high of $60.62. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.69 and a beta of 1.47. The business's 50 day simple moving average is $39.36 and its 200-day simple moving average is $48.42. 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 Transactions at Ziff Davis

In related news, Director W Brian Kretzmer acquired 653 shares of Ziff Davis stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the transaction, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 5,028 shares of company stock valued at $198,024 over the last quarter. Company insiders own 2.16% of the company's stock.

Hedge Funds Weigh In On Ziff Davis

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Ziff Davis by 369.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock valued at $23,626,000 after buying an additional 342,207 shares during the last quarter. Janus Henderson Group PLC raised its stake in Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after acquiring an additional 272,895 shares during the period. Legal & General Group Plc lifted its holdings in Ziff Davis by 12.4% in the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock worth $131,826,000 after acquiring an additional 267,436 shares during the last quarter. Finally, CDAM UK Ltd boosted its stake in Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after acquiring an additional 213,071 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Company Profile

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.

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