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

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $65.67.

Several brokerages have recently weighed in on ZD. JPMorgan Chase & Co. lowered their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. UBS Group lowered their target price on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Barclays lifted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Citigroup lowered their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

Ziff Davis Trading Down 2.7 %

Shares of Ziff Davis stock opened at $39.94 on Tuesday. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $1.71 billion, a P/E ratio of 33.85 and a beta of 1.36. The company’s fifty day moving average is $52.38 and its two-hundred day moving average is $51.37.

Institutional Trading of Ziff Davis

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in shares of Ziff Davis by 69.8% in the third quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 22,155 shares during the period. Franklin Resources Inc. acquired a new position in Ziff Davis during the third quarter worth about $986,000. Virtu Financial LLC acquired a new position in Ziff Davis during the third quarter worth about $503,000. Empowered Funds LLC acquired a new position in Ziff Davis during the third quarter worth about $7,210,000. Finally, Principal Financial Group Inc. raised its position in Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after acquiring an additional 56,352 shares during the last quarter. Institutional investors and hedge funds 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.