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

Ziff Davis, Inc. (NASDAQ:ZD) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $65.67.

Several equities analysts recently issued reports on ZD shares. Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. UBS Group dropped their price target on shares of 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. dropped their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $39.70 on Tuesday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 33.64 and a beta of 1.42. The company’s 50 day moving average price is $51.03 and its two-hundred day moving average price is $51.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis has a fifty-two week low of $37.62 and a fifty-two week high of $68.35.

Insider Buying and Selling

In related news, Director W Brian Kretzmer purchased 653 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, with a total value of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Ann Fay purchased 1,282 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the acquisition, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 5,028 shares of company stock valued at $198,024. Company insiders own 2.08% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in shares of Ziff Davis by 100,954.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Ziff Davis by 369.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock valued at $23,626,000 after buying an additional 342,207 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after buying an additional 272,895 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Ziff Davis by 12.4% in the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after purchasing an additional 267,436 shares during the period. Finally, CDAM UK Ltd boosted its position in shares of Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after purchasing an additional 213,071 shares during the period. Institutional investors 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.