Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com 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 1-year price target among analysts that have issued a report on the stock in the last year is $47.00.

ZD has been the subject of several analyst reports. UBS Group set a $40.00 target price on shares of Ziff Davis and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Susquehanna decreased their price target on shares of Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Citigroup cut their target price on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, Barclays cut their target price on shares of Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 13th.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay acquired 1,282 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the purchase, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. This represents a 7.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bret Richter acquired 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the purchase, the chief financial officer now directly owns 16,339 shares of the company’s stock, valued at approximately $640,652.19. This represents a 18.06% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.16% of the company’s stock.

Institutional Trading of Ziff Davis

Several institutional investors and hedge funds have recently made changes to their positions in ZD. Franklin Resources Inc. purchased a new stake in shares of Ziff Davis in the third quarter valued at about $986,000. Principal Financial Group Inc. raised its holdings in shares of Ziff Davis by 36.4% in the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock valued at $10,267,000 after purchasing an additional 56,352 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Ziff Davis by 170.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock valued at $14,115,000 after purchasing an additional 163,708 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Ziff Davis by 19.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company’s stock valued at $19,052,000 after purchasing an additional 57,830 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Ziff Davis in the fourth quarter valued at about $3,078,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $30.90 on Friday. The firm has a 50 day moving average of $33.79 and a 200-day moving average of $46.11. The stock has a market capitalization of $1.30 billion, a PE ratio of 26.19 and a beta of 1.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 12 month low of $29.15 and a 12 month high of $60.62.

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.