Ziff Davis, Inc. (NASDAQ:ZD) Receives $61.17 Consensus Price Target from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have earned an average recommendation of "Hold" from the six research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $58.33.

Several brokerages have issued reports on ZD. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Citigroup dropped their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, UBS Group dropped their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th.

Ziff Davis Stock Performance

ZD traded down $0.10 during trading on Wednesday, hitting $30.85. The stock had a trading volume of 587,621 shares, compared to its average volume of 509,187. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $1.32 billion, a P/E ratio of 26.14 and a beta of 1.47. The company's 50-day moving average price is $37.61 and its 200 day moving average price is $48.08. Ziff Davis has a twelve month low of $29.34 and a twelve month high of $60.62.

Insider Transactions at Ziff Davis

In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the transaction, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Brian Kretzmer bought 653 shares of Ziff Davis stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the acquisition, the director now owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock valued at $198,024 in the last ninety days. 2.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Ziff Davis by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock valued at $7,997,000 after acquiring an additional 5,456 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Ziff Davis by 50.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company's stock worth $20,314,000 after buying an additional 181,234 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in Ziff Davis by 9.6% in the 1st quarter. Hunter Perkins Capital Management LLC now owns 16,275 shares of the technology company's stock worth $612,000 after buying an additional 1,420 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Ziff Davis in the 1st quarter worth $736,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Ziff Davis by 2.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 58,032 shares of the technology company's stock valued at $2,181,000 after purchasing an additional 1,386 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.