Ziff Davis, Inc. (NASDAQ:ZD) Given Average Recommendation of "Hold" by Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have been given an average rating of "Hold" by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.00.

ZD has been the topic of a number of analyst reports. Citigroup cut 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 report on Friday, April 25th. Susquehanna lowered their target price on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research note on Monday, May 12th. UBS Group set a $40.00 target price on shares of Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Finally, Barclays lowered their target price on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 13th.

Ziff Davis Trading Up 0.0%

ZD stock traded up $0.01 during mid-day trading on Friday, reaching $30.90. 547,611 shares of the stock traded hands, compared to its average volume of 523,614. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis has a one year low of $29.15 and a one year high of $60.62. The stock has a market capitalization of $1.30 billion, a PE ratio of 26.19 and a beta of 1.57. The business has a 50-day moving average price of $33.79 and a two-hundred day moving average price of $46.13.

Insider Activity

In other Ziff Davis news, Director Sarah Ann Fay acquired 1,282 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the purchase, the director now directly owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the completion of the purchase, the director now owns 12,968 shares of the company's stock, valued at $497,063.44. This trade represents a 5.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 5,028 shares of company stock valued at $198,024. 2.16% of the stock is currently owned by company insiders.

Institutional Trading of Ziff Davis

A number of hedge funds have recently added to or reduced their stakes in ZD. Franklin Resources Inc. purchased a new stake in shares of Ziff Davis during the third quarter valued at about $986,000. Principal Financial Group Inc. lifted its position 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 buying an additional 56,352 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Ziff Davis by 170.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock valued at $14,115,000 after buying an additional 163,708 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position 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 buying an additional 57,830 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Ziff Davis during the fourth quarter valued at about $3,078,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Company Profile

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.