Ziff Davis (NASDAQ:ZD) Upgraded at JPMorgan Chase & Co.

Ziff Davis (NASDAQ:ZD - Get Free Report) was upgraded by equities research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Thursday, MarketBeat reports. The firm currently has a $70.00 target price on the technology company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 30.62% from the stock's previous close.

Several other research analysts have also issued reports on ZD. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, February 23rd. Wedbush raised their target price on Ziff Davis from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. UBS Group lowered their target price on Ziff Davis from $77.00 to $76.00 and set a "neutral" rating for the company in a research report on Tuesday, March 5th. Evercore ISI raised their target price on Ziff Davis from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Finally, Barclays lifted their price objective on Ziff Davis from $66.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.57.

Ziff Davis Price Performance

Shares of ZD stock traded up $4.07 during trading hours on Thursday, reaching $53.59. The company's stock had a trading volume of 621,265 shares, compared to its average volume of 303,001. The firm's 50 day simple moving average is $60.28 and its 200-day simple moving average is $63.38. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 64.54 and a beta of 1.24. Ziff Davis has a fifty-two week low of $49.50 and a fifty-two week high of $75.58. 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 issued its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.02. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. The firm had revenue of $389.89 million for the quarter, compared to the consensus estimate of $400.71 million. Sell-side analysts forecast that Ziff Davis will post 6.23 earnings per share for the current year.

Insider Buying and Selling at Ziff Davis

In other news, EVP Jeremy Rossen sold 4,162 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.08% of the company's stock.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Ziff Davis by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,693,227 shares of the technology company's stock worth $113,771,000 after purchasing an additional 136,220 shares during the period. Legal & General Group Plc raised its holdings in shares of Ziff Davis by 11.3% in the 3rd quarter. Legal & General Group Plc now owns 1,575,994 shares of the technology company's stock worth $100,375,000 after purchasing an additional 159,839 shares during the period. CDAM UK Ltd raised its holdings in shares of Ziff Davis by 26.5% in the 4th quarter. CDAM UK Ltd now owns 1,181,995 shares of the technology company's stock worth $79,418,000 after purchasing an additional 247,375 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Ziff Davis by 4.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 681,835 shares of the technology company's stock worth $43,426,000 after purchasing an additional 26,219 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ziff Davis by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 575,688 shares of the technology company's stock valued at $38,680,000 after acquiring an additional 21,501 shares during the period. Institutional investors own 99.76% of the company's stock.

About Ziff Davis

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.