Ziff Davis, Inc. (NASDAQ:ZD) Receives Average Rating of “Hold” from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $41.1250.

Several research firms have issued reports on ZD. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ziff Davis in a report on Tuesday, February 24th. UBS Group dropped their target price on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Citigroup upped their target price on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Finally, Evercore reiterated an “outperform” rating and issued a $46.00 target price on shares of Ziff Davis in a report on Tuesday, February 24th.

Ziff Davis Price Performance

NASDAQ ZD opened at $42.99 on Wednesday. The stock’s 50-day moving average price is $37.23 and its two-hundred day moving average price is $36.07. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.63 billion, a PE ratio of 39.08 and a beta of 1.14. Ziff Davis has a 1 year low of $22.45 and a 1 year 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Ziff Davis by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock valued at $6,037,000 after purchasing an additional 3,696 shares during the period. American Century Companies Inc. increased its holdings in shares of Ziff Davis by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 93,221 shares of the technology company’s stock valued at $2,822,000 after purchasing an additional 10,606 shares during the period. Quantbot Technologies LP acquired a new position in shares of Ziff Davis in the 2nd quarter valued at about $833,000. Invesco Ltd. increased its holdings in shares of Ziff Davis by 1.3% in the 2nd quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock valued at $5,709,000 after purchasing an additional 2,347 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Ziff Davis by 46.2% in the 2nd quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock valued at $3,044,000 after purchasing an additional 31,765 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.