Ziff Davis (NASDAQ:ZD) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ziff Davis (NASDAQ:ZD) from a neutral rating to an overweight rating in a research report released on Thursday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $70.00 price objective on the technology company’s stock.

ZD has been the topic of a number of other research reports. UBS Group reduced their price objective on Ziff Davis from $77.00 to $76.00 and set a neutral rating on the stock in a research report on Tuesday, March 5th. Wedbush boosted their price target on shares of Ziff Davis from $75.00 to $78.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Barclays upped their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an equal weight rating in a report on Friday, February 23rd. Evercore ISI lifted their target price on shares of Ziff Davis from $75.00 to $80.00 and gave the stock an outperform rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $79.57.

Ziff Davis Stock Performance

NASDAQ ZD opened at $53.88 on Thursday. The stock’s 50 day simple moving average is $59.72 and its 200-day simple moving average is $63.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.76 and a quick ratio of 2.76. The company has a market cap of $2.49 billion, a PE ratio of 65.71 and a beta of 1.24. Ziff Davis has a 1-year low of $49.50 and a 1-year high of $75.58.

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

Insider Activity

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the sale, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.08% of the company’s stock.

Hedge Funds Weigh In On Ziff Davis

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in shares of Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock valued at $31,000 after purchasing an additional 378 shares during the period. EverSource Wealth Advisors LLC boosted its position in Ziff Davis by 362.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after buying an additional 402 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in Ziff Davis in the 4th quarter valued at approximately $34,000. Headinvest LLC acquired a new position in shares of Ziff Davis in the third quarter worth $44,000. Finally, First Horizon Advisors Inc. increased its position in shares of Ziff Davis by 32.2% during the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after acquiring an additional 167 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Company Profile

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.