Ziff Davis, Inc. (NASDAQ:ZD) Given Average Rating of “Hold” by Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $37.50.

Several equities analysts have recently commented on ZD shares. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Citigroup dropped their price objective on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wall Street Zen downgraded shares of Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Barclays lowered their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Finally, UBS Group reduced their price objective on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th.

Institutional Investors Weigh In On Ziff Davis

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its holdings in Ziff Davis by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock worth $80,794,000 after buying an additional 221,445 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ziff Davis by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock valued at $32,730,000 after acquiring an additional 18,577 shares in the last quarter. LSV Asset Management boosted its stake in shares of Ziff Davis by 17.5% in the fourth quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock worth $31,906,000 after acquiring an additional 135,021 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Ziff Davis by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock worth $30,249,000 after purchasing an additional 82,761 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ziff Davis by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company’s stock valued at $29,354,000 after purchasing an additional 44,923 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

NASDAQ ZD opened at $30.50 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $1.21 billion, a PE ratio of 12.10 and a beta of 1.46. Ziff Davis has a 1-year low of $28.55 and a 1-year high of $54.89. The business has a 50 day simple moving average of $35.65 and a two-hundred day simple moving average of $35.58.

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.