Ziff Davis (NASDAQ:ZD) Price Target Raised to $61.00

Ziff Davis (NASDAQ:ZD) had its price objective hoisted by Barclays from $44.00 to $61.00 in a report released on Monday,Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

A number of other brokerages also recently weighed in on ZD. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Citigroup decreased their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.29.

Ziff Davis Stock Up 0.7 %

Ziff Davis stock opened at $57.81 on Monday. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.90. The firm has a 50 day moving average price of $48.20 and a two-hundred day moving average price of $50.07. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 48.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.91 and a current ratio of 1.42.

Institutional Investors Weigh In On Ziff Davis

Hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in shares of Ziff Davis during the second quarter worth $25,000. Quest Partners LLC bought a new position in Ziff Davis during the 2nd quarter worth approximately $38,000. Innealta Capital LLC bought a new position in shares of Ziff Davis in the second quarter worth approximately $75,000. Blue Trust Inc. increased its position in shares of Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after acquiring an additional 708 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in Ziff Davis during the 2nd quarter valued at about $93,000. 99.76% of the stock is currently owned by institutional investors.

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.