NASDAQ:ZD - Get Free Report ) shares rose 6.8% on Thursday . The stock traded as high as $53.11 and last traded at $52.90. Approximately 80,776 shares changed hands during trading, a decline of 73% from the average daily volume of 296,019 shares. The stock had previously closed at $49.52.
Get Ziff Davis alerts:
Sign Up
Analyst Ratings Changes ZD has been the topic of several analyst reports. UBS Group decreased their price target on Ziff Davis from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 5th. Barclays upped their price target on Ziff Davis from $66.00 to $68.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. JPMorgan Chase & Co. upgraded 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. Finally, Wedbush upped their price target on Ziff Davis from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.57.
Get Our Latest Stock Report on ZD
Ziff Davis Stock Performance The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. The company's 50-day moving average is $60.28 and its two-hundred day moving average is $63.38. The company has a market capitalization of $2.47 billion, a P/E ratio of 64.54 and a beta of 1.24.
Ziff Davis (NASDAQ:ZD - Get Free Report ) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The company had revenue of $389.89 million for the quarter, compared to analysts' expectations of $400.71 million. Equities analysts anticipate that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.
Insider Activity In related news, EVP Jeremy Rossen sold 4,162 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the sale, the executive vice president now owns 7,261 shares of the company's stock, valued at $504,131.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Insiders own 2.08% of the company's stock.
Institutional Trading of Ziff Davis Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its position in Ziff Davis by 337.5% during the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company's stock valued at $31,000 after buying an additional 378 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Ziff Davis during the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ziff Davis by 362.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company's stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Ziff Davis by 32.2% during the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company's stock valued at $46,000 after acquiring an additional 167 shares in the last quarter. Finally, Headinvest LLC bought a new stake in Ziff Davis in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 99.76% of the company's stock.
About Ziff Davis (
Get Free Report )
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.
Further Reading Before you consider Ziff Davis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ziff Davis wasn't on the list.
While Ziff Davis currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
