10 Stocks Insiders Are Buying In March

3. Ziff Davis, Inc. (NASDAQ:ZD)

Number of Insiders Buying: 6

Market Capitalization: $1.67 billion

The third stock that insiders have been buying in March the most is a digital media and internet company, Ziff Davis. Founded back in 1927, the company mainly owns technology- and health-oriented media websites, online shopping and internet connectivity services, and gaming and entertainment brands. Previously, Ziff Davis was focused on publishing hobbyist magazines. It is also one of the 10 best marketing stocks to buy right now.

For the full 2024, Ziff Davis disclosed revenue of $1.40 billion, up 2.8% year-over-year from $1.36 billion. Net income increased 51.9% to $63.0 million compared to $41.5 million for 2023. Adjusted EBITDA amounted to $493.5 million, which compared to $482.3 million in 2023.

In March, six insiders, including the company’s CEO, purchased a total of approximately $749,027 shares at an average price of $38.70. Over the past 12 months, the stock declined 39.67% and is now trading at $38.68.

Based on the estimates of six analysts, Ziff Davis is a “Moderate Buy” with an average price target of $65.67, writes MarketBeat.