Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) Price Target at $65.67

Ziff Davis, Inc. (NASDAQ:ZD) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $65.67.

A number of analysts recently commented on the company. UBS Group decreased their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Citigroup reduced their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Barclays increased their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Ziff Davis Stock Up 2.6 %

Ziff Davis stock opened at $39.15 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 33.18 and a beta of 1.42. Ziff Davis has a fifty-two week low of $37.62 and a fifty-two week high of $68.91. The stock’s fifty day moving average is $51.67 and its two-hundred day moving average is $51.25.

Insider Activity at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay acquired 1,282 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now directly owns 18,655 shares in the company, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bret Richter acquired 2,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 5,028 shares of company stock worth $198,024. 2.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after acquiring an additional 272,895 shares in the last quarter. Legal & General Group Plc grew its position in shares of Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after acquiring an additional 267,436 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ziff Davis by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock worth $131,112,000 after acquiring an additional 118,979 shares in the last quarter. CDAM UK Ltd grew its position in shares of Ziff Davis by 16.6% in the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after acquiring an additional 213,071 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ziff Davis by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after acquiring an additional 36,863 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

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.