Barclays Increases Ziff Davis (NASDAQ:ZD) Price Target to $45.00

Ziff Davis (NASDAQ:ZD) had its price objective lifted by stock analysts at Barclays from $34.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target points to a potential upside of 3.09% from the company’s previous close.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. cut their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. UBS Group lowered their price objective on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Citigroup cut their target price on shares of Ziff Davis from $35.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ziff Davis currently has an average rating of “Hold” and a consensus price target of $38.75.

Ziff Davis Price Performance

NASDAQ ZD opened at $43.65 on Wednesday. Ziff Davis has a 12 month low of $22.45 and a 12 month high of $50.55. The firm has a market capitalization of $1.64 billion, a PE ratio of 39.68 and a beta of 1.50. The company’s 50 day simple moving average is $34.71 and its 200 day simple moving average is $35.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZD. Geode Capital Management LLC lifted its stake 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 worth $32,730,000 after buying an additional 18,577 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Ziff Davis by 23.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock worth $9,129,000 after acquiring an additional 46,282 shares during the last quarter. Empowered Funds LLC lifted its position in Ziff Davis by 19.8% during the 2nd quarter. Empowered Funds LLC now owns 215,503 shares of the technology company’s stock worth $6,523,000 after acquiring an additional 35,621 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Ziff Davis during the second quarter valued at about $1,286,000. Finally, Bank of Montreal Can grew its position in shares of Ziff Davis by 84.4% in the second quarter. Bank of Montreal Can now owns 12,472 shares of the technology company’s stock valued at $378,000 after purchasing an additional 5,709 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.