Ziff Davis (NASDAQ:ZD) Hits New 12-Month High – Time to Buy?

Ziff Davis, Inc. (NASDAQ:ZD)’s stock price reached a new 52-week high on Monday . The stock traded as high as $54.95 and last traded at $54.6790, with a volume of 146018 shares. The stock had previously closed at $53.98.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZD. Barclays raised their price objective on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Evercore restated an “outperform” rating and issued a $61.00 price target on shares of Ziff Davis in a research report on Tuesday, May 12th. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Susquehanna increased their price objective on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. Finally, Piper Sandler set a $48.00 target price on Ziff Davis in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.25.

Ziff Davis Trading Down 3.7%

The stock has a market cap of $1.93 billion, a P/E ratio of 46.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s fifty day simple moving average is $47.61 and its 200-day simple moving average is $42.14.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The company had revenue of $267.64 million for the quarter, compared to analyst estimates of $264.32 million. During the same period in the prior year, the firm posted $1.14 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis.

Insider Buying and Selling at Ziff Davis

In other news, EVP Jeremy Rossen sold 8,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $47.00, for a total value of $376,000.00. Following the transaction, the executive vice president directly owned 14,462 shares of the company’s stock, valued at $679,714. The trade was a 35.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kirk P. Mcdonald sold 1,075 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $46.65, for a total value of $50,148.75. Following the sale, the director owned 13,468 shares in the company, valued at approximately $628,282.20. The trade was a 7.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 31,422 shares of company stock valued at $1,468,864. 3.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new position in shares of Ziff Davis during the 4th quarter worth approximately $25,000. NBC Securities Inc. increased its stake in shares of Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after acquiring an additional 485 shares in the last quarter. Hantz Financial Services Inc. increased its stake 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after acquiring an additional 687 shares during the period. 99.76% of the stock is currently owned by institutional investors.

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.