Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Recommendation of “Hold” from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $56.6250.

ZD has been the subject of several research reports. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research note on Monday, May 11th. UBS Group raised their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on shares of Ziff Davis from $48.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Susquehanna lifted their price target on shares of Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Monday, August 10th. Finally, Evercore reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Ziff Davis in a research note on Monday, August 10th.

Insider Transactions at Ziff Davis

In related news, Director W. Brian Kretzmer sold 2,513 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $55.31, for a total transaction of $138,994.03. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $1,106,200. This trade represents a 11.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeremy Rossen sold 3,819 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $54.93, for a total value of $209,777.67. Following the transaction, the executive vice president owned 10,643 shares in the company, valued at $584,619.99. This trade represents a 26.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,807 shares of company stock worth $1,319,424. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ziff Davis

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in Ziff Davis in the fourth quarter valued at approximately $25,000. Allworth Financial LP purchased a new position in shares of Ziff Davis in the 2nd quarter valued at about $44,000. Hantz Financial Services Inc. raised its position in shares of Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after buying an additional 687 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Ziff Davis in the 2nd quarter valued at $68,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Shares of ZD stock opened at $55.70 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 3.15 and a beta of 1.09. The business’s 50 day moving average is $53.83 and its two-hundred day moving average is $46.39. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.32. Ziff Davis has a 12-month low of $22.45 and a 12-month high of $58.06.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. The business 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%.The business’s revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share.

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.