Ziff Davis, Inc. (NASDAQ:ZD) Given Average Rating of “Hold” by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $56.6250.

A number of research firms have recently commented on ZD. Evercore reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Ziff Davis in a report on Monday, August 10th. Barclays lifted their target price on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research report on Monday, May 11th. UBS Group increased their price objective on Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th.

Insider Transactions at Ziff Davis

In other Ziff Davis news, Director W. Brian Kretzmer sold 2,513 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total transaction of $138,994.03. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at $1,106,200. This represents a 11.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeremy Rossen sold 3,819 shares of Ziff Davis stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $54.93, for a total transaction of $209,777.67. Following the transaction, the executive vice president owned 10,643 shares of the company’s stock, valued at $584,619.99. The trade was a 26.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,807 shares of company stock valued at $1,319,424. 3.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors have recently modified their holdings of ZD. Federated Hermes Inc. purchased a new position in shares of Ziff Davis in the 4th quarter worth approximately $25,000. Hantz Financial Services Inc. increased its position in shares of Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after acquiring an additional 590 shares during the period. Rockefeller Capital Management L.P. boosted its position in Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares during the last quarter. Allworth Financial LP acquired a new position in Ziff Davis in the 2nd quarter worth approximately $44,000. Finally, TD Private Client Wealth LLC purchased a new position in shares of Ziff Davis during the fourth quarter worth $52,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Down 1.1%

ZD opened at $55.70 on Friday. The company’s 50-day moving average price is $53.83 and its two-hundred day moving average price is $46.39. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.32. Ziff Davis has a twelve month low of $22.45 and a twelve month high of $58.06. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 3.15 and a beta of 1.09.

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

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.