Ziff Davis, Inc. (NASDAQ:ZD) Receives $65.67 Consensus PT from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $65.67.

A number of brokerages recently issued reports on ZD. UBS Group decreased their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Citigroup lowered their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th.

Ziff Davis Trading Down 5.4 %

NASDAQ ZD opened at $33.48 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of 28.37 and a beta of 1.47. The firm’s fifty day simple moving average is $45.43 and its 200-day simple moving average is $50.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 1-year low of $32.86 and a 1-year high of $60.62.

Insider Buying and Selling

In other news, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the purchase, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the transaction, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,028 shares of company stock valued at $198,024. Company insiders own 2.08% of the company’s stock.

Institutional Trading of Ziff Davis

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Ziff Davis by 34.2% during the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company’s stock worth $24,111,000 after purchasing an additional 113,157 shares in the last quarter. Mackenzie Financial Corp bought a new position in Ziff Davis in the 4th quarter valued at $755,000. Western Wealth Management LLC bought a new position in shares of Ziff Davis during the 4th quarter valued at approximately $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ziff Davis by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company’s stock valued at $8,529,000 after buying an additional 23,623 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC raised its position in shares of Ziff Davis by 10.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock valued at $292,000 after purchasing an additional 527 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.