Ziff Davis, Inc. (NASDAQ:ZD) Stock Has Consensus Target Price of $60.67

Key Points

• Analysts have a consensus “Hold” rating on Ziff Davis, with six holds and four buys. The average 12-month price target is $60.67, while recent targets range from $59 to $75.
• Ziff Davis reported quarterly EPS of $1.03, beating estimates of $0.81, and revenue of $286.74 million, slightly above expectations. However, revenue declined 18.7% year over year.
• Insiders sold 7,732 shares worth approximately $425,000 over the past 90 days, while institutional investors own a substantial 99.76% of the company’s stock.

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have received a consensus rating of "Hold" from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $60.67.

A number of equities research analysts have recently weighed in on the stock. Evercore restated an "outperform" rating and issued a $64.00 price target on shares of Ziff Davis in a research note on Monday, August 10th. Citigroup raised their price objective on shares of Ziff Davis from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Susquehanna boosted their price target on shares of Ziff Davis from $60.00 to $75.00 and gave the company a "positive" rating in a research note on Monday, August 10th. Weiss Ratings upgraded Ziff Davis from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada upped 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.

Insider Buying and Selling at Ziff Davis

In related news, CAO Lori Tansley sold 1,400 shares of Ziff Davis stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total value of $76,664.00. Following the completion of the sale, the chief accounting officer owned 767 shares of the company's stock, valued at approximately $42,000.92. This trade represents a 64.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Rossen sold 3,819 shares of Ziff Davis stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $54.93, for a total transaction of $209,777.67. Following the completion of the transaction, the executive vice president owned 10,643 shares of the company's stock, valued at $584,619.99. This represents a 26.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 7,732 shares of company stock valued at $425,436. Company insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in Ziff Davis by 5.2% during the second quarter. QRG Capital Management Inc. now owns 6,358 shares of the technology company's stock valued at $333,000 after buying an additional 316 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Ziff Davis by 17.1% in the first quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company's stock worth $92,000 after acquiring an additional 319 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company's stock worth $35,000 after acquiring an additional 687 shares during the period. Allworth Financial LP purchased a new position in Ziff Davis during the 2nd quarter valued at $44,000. Finally, Pacer Advisors Inc. increased its position in Ziff Davis by 0.3% during the 1st quarter. Pacer Advisors Inc. now owns 288,785 shares of the technology company's stock valued at $12,117,000 after purchasing an additional 921 shares during the period. Institutional investors own 99.76% of the company's stock.

Ziff Davis Trading Down 0.1%

ZD stock opened at $57.89 on Friday. Ziff Davis has a 52 week low of $22.45 and a 52 week high of $60.48. The company's 50-day simple moving average is $56.41 and its 200 day simple moving average is $50.99. The company has a market capitalization of $1.99 billion, a PE ratio of 3.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.16 and a current ratio of 2.16.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. The company had revenue of $286.74 million during the quarter, compared to the consensus estimate of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The firm's quarterly revenue was down 18.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. As a group, sell-side analysts anticipate that Ziff Davis will post 4.26 earnings per share for the current year.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and technology company that operates a portfolio of online brands serving consumers, technology professionals, businesses and advertisers. Its properties cover technology, gaming and entertainment, shopping, health and wellness, and related digital services.

The company's brands include PCMag, Mashable, IGN, Humble Bundle, RetailMeNot, Spiceworks, Ookla and its Speedtest and Downdetector services, as well as health and wellness publications and platforms operated through its Everyday Health Group.

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