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

Ziff Davis, Inc. (NASDAQ:ZD) reached a new 52-week high on Monday . The stock traded as high as $50.61 and last traded at $50.3660, with a volume of 4348 shares. The stock had previously closed at $50.42.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZD shares. Susquehanna raised their target price on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and set a $61.00 price objective on shares of Ziff Davis in a report on Tuesday, May 12th. Piper Sandler set a $48.00 target price on Ziff Davis in a report on Monday, May 11th. Finally, Royal Bank Of Canada lifted their target price on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and a consensus price target of $47.25.

Ziff Davis Trading Up 0.3%

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 46.35 and a beta of 1.12. The firm has a 50 day moving average price of $45.39 and a two-hundred day moving average price of $40.33.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, equities analysts forecast that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.

Insider Transactions at Ziff Davis

In other Ziff Davis news, Director Kirk P. Mcdonald sold 1,075 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.65, for a total transaction of $50,148.75. Following the sale, the director owned 13,468 shares of the company’s stock, valued at approximately $628,282.20. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bret Richter sold 18,000 shares of Ziff Davis stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total value of $843,840.00. Following the completion of the transaction, the chief financial officer directly owned 29,244 shares of the company’s stock, valued at approximately $1,370,958.72. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,422 shares of company stock worth $1,468,864 over the last three months. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ziff Davis

Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new position in Ziff Davis in the fourth quarter valued at approximately $25,000. 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. 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. GAMMA Investing LLC boosted its stake in Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after acquiring an additional 611 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Ziff Davis by 226.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after acquiring an additional 687 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 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.