NASDAQ:ZD - Get Free Report ) shares gapped down prior to trading on Thursday . The stock had previously closed at $54.48, but opened at $52.01. Ziff Davis shares last traded at $52.43, with a volume of 17,834 shares changing hands.
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Analysts Set New Price Targets ZD has been the subject of several recent research reports. UBS Group reduced their target price on shares of Ziff Davis from $77.00 to $76.00 and set a "neutral" rating for the company in a report on Tuesday, March 5th. Wedbush raised their price target on Ziff Davis from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, February 23rd. JPMorgan Chase & Co. raised shares of Ziff Davis from a "neutral" rating to an "overweight" rating and set a $70.00 price target on the stock in a research report on Thursday, May 2nd. Finally, Evercore ISI boosted their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ziff Davis presently has an average rating of "Moderate Buy" and a consensus price target of $79.57.
Check Out Our Latest Analysis on ZD
Ziff Davis Price Performance The stock has a market cap of $2.54 billion, a P/E ratio of 66.44 and a beta of 1.24. The company's 50 day moving average price is $58.88 and its 200-day moving average price is $63.08. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53.
Ziff Davis (NASDAQ:ZD - Get Free Report ) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.02. The company had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. As a group, sell-side analysts expect that Ziff Davis, Inc. will post 6.23 earnings per share for the current year.
Insider Activity In other news, EVP Jeremy Rossen sold 4,162 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $69.43, for a total transaction of $288,967.66. Following the transaction, the executive vice president now owns 7,261 shares in the company, valued at $504,131.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . 2.33% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Ziff Davis Several large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its holdings in shares of Ziff Davis by 32.2% in the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company's stock valued at $46,000 after purchasing an additional 167 shares during the last quarter. Cardinal Capital Management increased its stake in Ziff Davis by 0.9% in the 4th quarter. Cardinal Capital Management now owns 18,857 shares of the technology company's stock valued at $1,267,000 after buying an additional 168 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Ziff Davis by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,463 shares of the technology company's stock worth $857,000 after buying an additional 182 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Ziff Davis by 2.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 8,300 shares of the technology company's stock worth $529,000 after buying an additional 200 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Ziff Davis by 31.5% during the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company's stock valued at $54,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 99.76% of the company's stock.
About Ziff Davis (
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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.
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