Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $81.17

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $81.17.

A number of equities analysts have commented on the company. Evercore ISI lifted their target price on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research report on Friday, February 23rd. UBS Group cut their target price on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Wedbush upped their price target on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Barclays lifted their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd.

Insider Activity at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $69.43, for a total transaction of $288,967.66. Following the sale, the executive vice president now directly owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ziff Davis

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. bought a new stake in shares of Ziff Davis in the 1st quarter worth approximately $25,000. Fifth Third Bancorp lifted its position in shares of Ziff Davis by 337.5% during the 3rd quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock valued at $31,000 after acquiring an additional 378 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after acquiring an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new position in shares of Ziff Davis in the 4th quarter worth $34,000. Finally, Headinvest LLC acquired a new stake in shares of Ziff Davis during the third quarter worth $44,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $53.09 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 64.74 and a beta of 1.19. Ziff Davis has a twelve month low of $52.83 and a twelve month high of $77.96. The business has a 50 day simple moving average of $63.96 and a 200-day simple moving average of $64.34.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The firm had revenue of $389.89 million during the quarter, compared to analyst estimates of $400.71 million. As a group, equities research analysts expect that Ziff Davis will post 6.23 earnings per share for the current year.

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.