Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) Price Target at $47.25

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given a consensus rating of “Hold” by the nine analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $47.25.

A number of research firms have commented on ZD. Evercore reissued an “outperform” rating and set a $61.00 target price on shares of Ziff Davis in a research report on Tuesday, May 12th. JPMorgan Chase & Co. cut their target price on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. UBS Group cut their target price on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Susquehanna raised their target price on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Finally, Barclays raised their target price on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th.

Ziff Davis Trading Down 1.9%

Shares of ZD opened at $44.54 on Thursday. Ziff Davis has a 1-year low of $22.45 and a 1-year high of $50.55. The company has a 50-day moving average of $44.12 and a 200 day moving average of $38.41. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The company had revenue of $267.64 million during the quarter, compared to analyst estimates of $264.32 million. During the same quarter last year, the business posted $1.14 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts expect that Ziff Davis will post 4.08 EPS for the current year.

Insider Activity

In other news, EVP Jeremy Rossen sold 4,347 shares of Ziff Davis stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $45.75, for a total value of $198,875.25. Following the transaction, the executive vice president owned 22,462 shares of the company’s stock, valued at $1,027,636.50. The trade was a 16.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is currently owned by insiders.

Institutional Trading of Ziff Davis

Several large investors have recently bought and sold shares of the stock. Edgestream Partners L.P. purchased a new stake in Ziff Davis during the 1st quarter worth approximately $3,489,000. Janus Henderson Group PLC grew its position in Ziff Davis by 2.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company’s stock worth $147,963,000 after purchasing an additional 92,496 shares during the last quarter. Amundi grew its position in Ziff Davis by 4.1% during the 1st quarter. Amundi now owns 119,364 shares of the technology company’s stock worth $5,009,000 after purchasing an additional 4,678 shares during the last quarter. California State Teachers Retirement System grew its position in Ziff Davis by 20.9% during the 1st quarter. California State Teachers Retirement System now owns 46,368 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 8,008 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Ziff Davis by 35.2% during the 1st quarter. Quantinno Capital Management LP now owns 37,927 shares of the technology company’s stock worth $1,591,000 after purchasing an additional 9,866 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.