Ziff Davis, Inc. (NASDAQ:ZD) Receives $41.13 Average PT from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has received a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.1250.

Several research analysts have recently commented on the company. Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ziff Davis in a report on Tuesday, February 24th. Evercore reissued an “outperform” rating and set a $46.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Finally, Citigroup raised their price target on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD opened at $42.05 on Friday. The firm has a 50 day moving average of $35.49 and a 200 day moving average of $35.52. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 38.23 and a beta of 1.50. Ziff Davis has a 52 week low of $22.45 and a 52 week high of $50.55.

Hedge Funds Weigh In On Ziff Davis

A number of large investors have recently made changes to their positions in ZD. Legal & General Group Plc lifted its holdings in shares of Ziff Davis by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock valued at $80,794,000 after purchasing an additional 221,445 shares during the last quarter. Geode Capital Management LLC grew its stake in Ziff Davis by 1.7% during the 2nd 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. LSV Asset Management grew its stake in Ziff Davis by 17.5% during the 4th quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock worth $31,906,000 after buying an additional 135,021 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Ziff Davis by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock valued at $30,249,000 after buying an additional 82,761 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Ziff Davis by 5.7% during 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 buying an additional 44,923 shares in the last quarter. 99.76% of the stock is 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.