Ziff Davis (NASDAQ:ZD) Price Target Raised to $75.00

Ziff Davis (NASDAQ:ZD) had its price objective increased by Susquehanna from $60.00 to $75.00 in a research report report published on Monday morning, Marketbeat reports. The brokerage currently has a positive rating on the technology company’s stock.

ZD has been the subject of several other research reports. Royal Bank Of Canada raised their price objective on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Piper Sandler set a $48.00 target price on shares of Ziff Davis in a research report on Monday, May 11th. Evercore reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Ziff Davis in a report on Tuesday, May 12th. Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Citigroup boosted their price target on Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.62.

Ziff Davis Stock Up 2.7%

Ziff Davis stock opened at $54.94 on Monday. The stock’s 50 day moving average price is $50.76 and its 200 day moving average price is $44.03. Ziff Davis has a 1-year low of $22.45 and a 1-year high of $58.06. The company has a market cap of $1.88 billion, a PE ratio of 3.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 1.66.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.22. The firm had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.Ziff Davis’s revenue was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share.

Insider Buying and Selling

In related news, EVP Jeremy Rossen sold 3,819 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $54.93, for a total value of $209,777.67. Following the sale, the executive vice president directly owned 10,643 shares of the company’s stock, valued at approximately $584,619.99. This represents a 26.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bret Richter sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total transaction of $843,840.00. Following the transaction, the chief financial officer owned 29,244 shares of the company’s stock, valued at $1,370,958.72. This trade represents a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,241 shares of company stock worth $1,678,642 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Federated Hermes Inc. purchased a new stake in Ziff Davis in the 4th quarter valued at approximately $25,000. Allworth Financial LP purchased a new position in Ziff Davis during the second quarter worth $44,000. Hantz Financial Services Inc. raised its holdings in shares of Ziff Davis by 212.2% in the fourth 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 last quarter. NBC Securities Inc. raised its holdings in shares of Ziff Davis by 121.2% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after acquiring an additional 485 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after acquiring an additional 687 shares in the last quarter. 99.76% of the stock is 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.