Short Interest in Ziff Davis, Inc. (NASDAQ:ZD) Declines By 29.9%

Ziff Davis, Inc. (NASDAQ:ZD) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 4,048,253 shares, a decline of 29.9% from the February 26th total of 5,772,729 shares. Currently, 11.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,318,485 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Ziff Davis

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in Ziff Davis during the fourth quarter worth approximately $25,000. NBC Securities Inc. increased its holdings in shares of Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after buying an additional 590 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Ziff Davis during the 3rd quarter valued at $35,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $41.64 on Friday. Ziff Davis has a 52 week low of $22.45 and a 52 week high of $50.55. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.57 billion, a PE ratio of 37.85 and a beta of 1.50. The company’s 50-day moving average price is $36.70 and its two-hundred day moving average price is $35.85.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ZD shares. Barclays increased their price objective on Ziff Davis from $34.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. UBS Group cut their target price on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings raised Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 18th. Finally, Citigroup lifted their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ziff Davis currently has an average rating of “Hold” and an average price target of $41.13.

About Ziff Davis

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.