Ziff Davis (NASDAQ:ZD) Price Target Raised to $75.00

Ziff Davis (NASDAQ:ZD) had its price objective raised by equities researchers at Susquehanna from $60.00 to $75.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “positive” rating on the technology company’s stock. Susquehanna’s target price would indicate a potential upside of 38.84% from the company’s current price.

Several other brokerages have also commented on ZD. Royal Bank Of Canada upped their price objective on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Citigroup reissued a “neutral” rating on shares of Ziff Davis in a research report on Monday. Evercore restated an “outperform” rating and set a $61.00 price target on shares of Ziff Davis in a research note on Tuesday, May 12th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Barclays raised their price target on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.12.

Ziff Davis Stock Up 0.3%

Shares of ZD opened at $54.02 on Monday. The company’s 50-day moving average price is $50.23 and its 200 day moving average price is $43.71. Ziff Davis has a 12-month low of $22.45 and a 12-month high of $58.06. The company has a current ratio of 2.16, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.99 billion, a P/E ratio of 3.14 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.22. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The company had revenue of $286.74 million during the quarter, compared to analyst estimates of $286.10 million. During the same quarter last year, the firm posted $1.24 earnings per share. Ziff Davis’s revenue was down 18.7% compared to the same quarter last year.

Insider Activity

In other news, Director Kirk P. Mcdonald sold 1,075 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $46.65, for a total value of $50,148.75. Following the completion of the transaction, the director owned 13,468 shares of the company’s stock, valued at approximately $628,282.20. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Rossen sold 8,000 shares of Ziff Davis stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the transaction, the executive vice president owned 14,462 shares of the company’s stock, valued at $679,714. This trade represents a 35.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 31,422 shares of company stock valued at $1,468,864. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of Ziff Davis

Large investors have recently modified their holdings of the stock. Corsair Capital Management L.P. acquired a new stake in shares of Ziff Davis in the 1st quarter valued at $1,888,000. Aldebaran Capital LLC acquired a new position in shares of Ziff Davis during the first quarter worth $1,728,000. Brave Asset Management Inc. increased its holdings in Ziff Davis by 11.9% in the first quarter. Brave Asset Management Inc. now owns 470,282 shares of the technology company’s stock valued at $19,733,000 after buying an additional 50,127 shares during the last quarter. Incline Global Management LLC raised its stake in Ziff Davis by 8.1% in the fourth quarter. Incline Global Management LLC now owns 401,933 shares of the technology company’s stock valued at $14,128,000 after buying an additional 30,212 shares in the last quarter. Finally, NewGen Asset Management Ltd acquired a new stake in Ziff Davis in the first quarter valued at $2,203,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.