Ziff Davis, Inc. (NASDAQ:ZD) Receives $71.29 Average Target Price from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $71.29.

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Citigroup dropped 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.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors and hedge funds have recently made changes to their positions in ZD. Victory Capital Management Inc. lifted its holdings in shares of Ziff Davis by 69.8% during the 3rd 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 in the last quarter. Empowered Funds LLC acquired a new stake in Ziff Davis during the 3rd quarter worth approximately $7,210,000. Rice Hall James & Associates LLC lifted its stake in Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after buying an additional 49,510 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Ziff Davis by 31,812.6% in the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after buying an additional 65,534 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Price Performance

Ziff Davis stock opened at $57.88 on Friday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 48.70 and a beta of 1.29. Ziff Davis has a 12-month low of $37.76 and a 12-month high of $70.90. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $49.60 and its 200 day simple moving average is $50.25.

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.