Ziff Davis, Inc. (NASDAQ:ZD – Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $56.44 and traded as high as $58.18. Ziff Davis shares last traded at $56.75, with a volume of 712,301 shares traded.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ZD. Royal Bank Of Canada lifted their price objective on Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Zacks Research raised shares of Ziff Davis to a “hold” rating in a research note on Tuesday, September 15th. Susquehanna upped their price target on shares of Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a report on Monday, August 10th. Finally, UBS Group increased their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.67.
View Our Latest Stock Analysis on Ziff Davis
Ziff Davis Price Performance
The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.21 and a beta of 1.10. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $56.44 and its 200-day moving average is $47.56.
Ziff Davis (NASDAQ:ZD – Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.81 by $0.22. The company had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The business’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Equities research analysts anticipate that Ziff Davis, Inc. will post 4.41 earnings per share for the current year.
Insider Activity at Ziff Davis
In other Ziff Davis news, EVP Jeremy Rossen sold 3,819 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $54.93, for a total transaction of $209,777.67. Following the sale, the executive vice president directly owned 10,643 shares in the company, valued at $584,619.99. This represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lori A. Tansley sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $54.76, for a total transaction of $76,664.00. Following the completion of the transaction, the chief accounting officer directly owned 767 shares in the company, valued at approximately $42,000.92. This represents a 64.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,732 shares of company stock valued at $425,436 over the last quarter. 3.40% of the stock is owned by corporate insiders.
Institutional Trading of Ziff Davis
Several large investors have recently made changes to their positions in ZD. Jupiter Topco LLC bought a new position in Ziff Davis in the second quarter valued at approximately $187,893,000. Janus Henderson Group PLC raised its position in Ziff Davis by 2.7% during the first quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company’s stock valued at $147,963,000 after purchasing an additional 92,496 shares in the last quarter. Pale Fire Capital SE lifted its stake in Ziff Davis by 130.0% during the first quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company’s stock worth $116,790,000 after purchasing an additional 1,573,414 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Ziff Davis in the 2nd quarter valued at $94,314,000. Finally, First Trust Advisors LP boosted its holdings in shares of Ziff Davis by 689.6% in the 1st quarter. First Trust Advisors LP now owns 974,591 shares of the technology company’s stock valued at $40,894,000 after purchasing an additional 851,163 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.
Ziff Davis Company Profile
Ziff Davis, Inc is a digital media and technology company that operates a portfolio of online brands serving consumers, technology professionals, businesses and advertisers. Its properties cover technology, gaming and entertainment, shopping, health and wellness, and related digital services.
The company’s brands include PCMag, Mashable, IGN, Humble Bundle, RetailMeNot, Spiceworks, Ookla and its Speedtest and Downdetector services, as well as health and wellness publications and platforms operated through its Everyday Health Group.
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