Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Rating of “Hold” by Brokerages

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

Several analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Ziff Davis in a report on Tuesday, February 24th. Barclays upped their target price on Ziff Davis from $34.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. UBS Group decreased their target price 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. Citigroup lifted their price target on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Finally, Wall Street Zen lowered shares of Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $39.46 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 35.87 and a beta of 1.50. Ziff Davis has a twelve month low of $22.45 and a twelve month high of $50.55. 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 business has a 50-day moving average price of $35.32 and a 200 day moving average price of $35.52.

Institutional Trading of Ziff Davis

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position 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 valued at $32,730,000 after acquiring an additional 18,577 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Ziff Davis by 23.9% in the third 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 increased its position in shares of Ziff Davis by 19.8% during the second quarter. Empowered Funds LLC now owns 215,503 shares of the technology company’s stock worth $6,523,000 after purchasing an additional 35,621 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Ziff Davis during the second quarter worth approximately $1,286,000. Finally, Bank of Montreal Can raised its stake in Ziff Davis by 84.4% in the 2nd 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. Hedge funds and other institutional investors 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.