Citigroup Forecasts Strong Price Appreciation for Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis (NASDAQ:ZD) had its price objective boosted by investment analysts at Citigroup from $29.00 to $48.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price target suggests a potential upside of 13.42% from the company’s previous close.

Several other analysts have also recently commented on ZD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. Barclays raised their target price on shares of Ziff Davis from $34.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, UBS Group decreased their price target on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.13.

Ziff Davis Price Performance

ZD stock opened at $42.32 on Friday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 38.47 and a beta of 1.50. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ziff Davis has a 52-week low of $22.45 and a 52-week high of $50.55. The stock’s fifty day simple moving average is $34.84 and its 200-day simple moving average is $35.41.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new position in Ziff Davis in the fourth quarter valued at approximately $25,000. Allworth Financial LP grew its stake in Ziff Davis by 149.8% during the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after buying an additional 617 shares during the period. NBC Securities Inc. increased its position 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 worth $31,000 after acquiring an additional 485 shares in the last quarter. Hantz Financial Services Inc. increased its position 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 worth $31,000 after acquiring an additional 590 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Ziff Davis by 207.1% in 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 period. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.