Ziff Davis, Inc. (NASDAQ:ZD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $69.71.

A number of brokerages have recently weighed in on ZD. Barclays boosted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group dropped their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $54.93 on Monday. The firm has a fifty day simple moving average of $56.31 and a 200-day simple moving average of $50.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.90. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 46.55 and a beta of 1.36.

Institutional Investors Weigh In On Ziff Davis

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC bought a new stake in Ziff Davis in the 2nd quarter valued at $38,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the 3rd quarter valued at $37,000. TD Private Client Wealth LLC increased its holdings in Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after buying an additional 249 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Ziff Davis in the 2nd quarter valued at $93,000. Finally, Central Pacific Bank Trust Division increased its holdings in Ziff Davis by 21.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company’s stock valued at $133,000 after buying an additional 480 shares during the period. Institutional investors own 99.76% of the company’s stock.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.