Ziff Davis (NASDAQ:ZD - Get Free Report)'s stock had its "sell (d)" rating reissued by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.
A number of other equities research analysts have also recently issued reports on ZD. Piper Sandler set a $40.00 target price on Ziff Davis in a research note on Friday, August 8th. Barclays restated a "positive" rating on shares of Ziff Davis in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Ziff Davis from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.83.
View Our Latest Research Report on Ziff Davis
Ziff Davis Stock Performance
Ziff Davis stock traded up $0.27 during mid-day trading on Friday, reaching $38.48. The company's stock had a trading volume of 125,519 shares, compared to its average volume of 538,441. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 25.65 and a beta of 1.60. The business has a 50 day moving average price of $37.56 and a 200-day moving average price of $33.97. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis has a twelve month low of $28.55 and a twelve month high of $60.62.
Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.02. The firm had revenue of $352.21 million during the quarter, compared to the consensus estimate of $337.47 million. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The firm's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 earnings per share. Sell-side analysts predict that Ziff Davis will post 5.93 EPS for the current fiscal year.
Insider Buying and Selling
In other Ziff Davis news, Director Sarah Ann Fay purchased 1,354 shares of the company's stock in a transaction on Monday, September 15th. The shares were purchased at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the completion of the transaction, the director owned 23,619 shares in the company, valued at $871,304.91. The trade was a 6.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.16% of the company's stock.
Institutional Investors Weigh In On Ziff Davis
Several hedge funds and other institutional investors have recently bought and sold shares of ZD. Nuveen LLC purchased a new position in Ziff Davis in the 1st quarter worth about $25,381,000. LSV Asset Management increased its stake in Ziff Davis by 313.8% in the 2nd quarter. LSV Asset Management now owns 440,026 shares of the technology company's stock worth $13,320,000 after purchasing an additional 333,680 shares in the last quarter. Pale Fire Capital SE purchased a new position in Ziff Davis in the 1st quarter worth about $9,370,000. Legal & General Group Plc increased its stake in Ziff Davis by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company's stock worth $80,794,000 after purchasing an additional 221,445 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake 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 purchasing an additional 181,234 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.
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.
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