Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Rating of "Hold" from Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $49.67.

Several equities research analysts have issued reports on ZD shares. UBS Group cut their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Citigroup decreased their price objective on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Barclays decreased their price objective on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Susquehanna decreased their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. lowered Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd.

Insider Transactions at Ziff Davis

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

Institutional Trading of Ziff Davis

Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in shares of Ziff Davis during the 3rd quarter worth $986,000. Principal Financial Group Inc. boosted its stake in shares of Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after purchasing an additional 56,352 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Ziff Davis by 19.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company's stock valued at $19,052,000 after purchasing an additional 57,830 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock valued at $68,861,000 after purchasing an additional 1,265,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Ziff Davis by 9.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock valued at $41,187,000 after purchasing an additional 62,402 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Trading Down 1.1%

Shares of ZD stock opened at $32.59 on Friday. The firm has a 50 day moving average price of $34.66 and a two-hundred day moving average price of $46.65. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.37 billion, a PE ratio of 27.62 and a beta of 1.57. Ziff Davis has a 12-month low of $29.15 and a 12-month high of $60.62.

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.

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