Ziff Davis (NASDAQ:ZD) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Ziff Davis, Inc. (NASDAQ:ZD) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $36.07 and traded as high as $43.34. Ziff Davis shares last traded at $42.99, with a volume of 458,080 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Barclays boosted their target price on Ziff Davis from $34.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Royal Bank Of Canada restated an “outperform” rating and set a $40.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Weiss Ratings lowered Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, UBS Group decreased their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.13.

Ziff Davis Stock Performance

The firm has a market capitalization of $1.63 billion, a P/E ratio of 39.08 and a beta of 1.14. The stock has a 50-day moving average of $37.23 and a 200 day moving average of $36.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 1.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZD. Goldman Sachs Group Inc. lifted its holdings in Ziff Davis by 260.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock worth $21,005,000 after buying an additional 431,828 shares in the last quarter. LSV Asset Management lifted its holdings in Ziff Davis by 75.6% during the 3rd quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock worth $29,440,000 after buying an additional 332,674 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in Ziff Davis by 86.0% during the 3rd quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock worth $15,562,000 after buying an additional 188,844 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Ziff Davis by 88.5% during the 4th quarter. AQR Capital Management LLC now owns 399,259 shares of the technology company’s stock worth $14,034,000 after buying an additional 187,431 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Ziff Davis by 46.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 552,385 shares of the technology company’s stock worth $21,046,000 after buying an additional 174,287 shares in the last quarter. 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.