Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.67.

A number of brokerages have recently issued reports on ZD. JPMorgan Chase & Co. dropped their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Citigroup cut their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th.

Insider Activity

In other Ziff Davis news, CFO Bret Richter purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the acquisition, the chief financial officer now 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sarah Ann Fay acquired 1,282 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares of the company’s stock, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 5,028 shares of company stock worth $198,024. 2.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZD. Wellington Management Group LLP grew its position in Ziff Davis by 34.2% in the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company’s stock worth $24,111,000 after purchasing an additional 113,157 shares during the last quarter. Mackenzie Financial Corp bought a new position in Ziff Davis in the 4th quarter worth approximately $755,000. Western Wealth Management LLC acquired a new stake in Ziff Davis in the 4th quarter valued at approximately $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ziff Davis by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company’s stock valued at $8,529,000 after acquiring an additional 23,623 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC boosted its position in Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock worth $292,000 after acquiring an additional 527 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Price Performance

Shares of ZD stock opened at $38.15 on Friday. The firm has a fifty day simple moving average of $47.20 and a 200-day simple moving average of $50.49. The company has a market capitalization of $1.63 billion, a PE ratio of 32.33 and a beta of 1.42. Ziff Davis has a twelve month low of $37.62 and a twelve month high of $63.41. 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 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.