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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.1250.

Several equities research analysts recently weighed in on ZD shares. Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. UBS Group decreased their target price on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Barclays boosted their price objective 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, March 4th. Finally, Citigroup increased their target price on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 6th.

Ziff Davis Stock Down 0.2%

Shares of NASDAQ:ZD opened at $42.26 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of 38.42 and a beta of 1.50. Ziff Davis has a 1 year low of $22.45 and a 1 year high of $50.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50-day moving average is $36.09 and its two-hundred day moving average is $35.67.

Institutional Trading of Ziff Davis

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis in the 4th quarter valued at about $25,000. Allworth Financial LP increased its position 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 Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after buying an additional 485 shares during the period. Hantz Financial Services Inc. lifted its stake in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after buying an additional 590 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the last quarter. 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.