Brave Asset Management Inc. Raises Stake in Ziff Davis, Inc. $ZD

Brave Asset Management Inc. increased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 420,155 shares of the technology company’s stock after buying an additional 13,660 shares during the quarter. Ziff Davis accounts for about 3.5% of Brave Asset Management Inc.’s investment portfolio, making the stock its 10th largest position. Brave Asset Management Inc. owned approximately 1.06% of Ziff Davis worth $14,768,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ZD. GAMMA Investing LLC raised its position in Ziff Davis by 207.1% in 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 during the period. First Horizon Corp bought a new stake in shares of Ziff Davis during the 3rd quarter valued at $35,000. Allworth Financial LP increased its stake in shares of Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after purchasing an additional 617 shares in the last quarter. Blue Trust Inc. raised its holdings in Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after purchasing an additional 295 shares during the period. Finally, Central Pacific Bank Trust Division raised its holdings in Ziff Davis by 29.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 4,110 shares of the technology company’s stock worth $157,000 after purchasing an additional 930 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZD has been the subject of several recent research reports. UBS Group cut their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Barclays boosted their price objective on Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Finally, Citigroup increased their target price on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Ziff Davis currently has a consensus rating of “Hold” and a consensus price target of $41.13.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $42.26 on Monday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 38.42 and a beta of 1.50. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $50.55. The stock’s 50 day simple moving average is $36.09 and its two-hundred day simple moving average is $35.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27.

Ziff Davis 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.