Ziff Davis, Inc. (NASDAQ:ZD) Receives $69.71 Consensus Price Target from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $69.71.

A number of equities analysts have issued reports on ZD shares. Barclays lifted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Finally, UBS Group decreased their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd.

Ziff Davis Stock Down 1.1 %

ZD stock opened at $55.55 on Thursday. Ziff Davis has a twelve month low of $37.76 and a twelve 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 stock’s 50 day moving average is $53.78 and its 200-day moving average is $50.49. The firm has a market capitalization of $2.37 billion, a PE ratio of 47.08 and a beta of 1.35.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in Ziff Davis by 69.8% in the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock worth $2,623,000 after acquiring an additional 22,155 shares during the last quarter. Virtu Financial LLC bought a new position in Ziff Davis during the third quarter worth about $503,000. Empowered Funds LLC purchased a new position in shares of Ziff Davis in the third quarter worth about $7,210,000. Rice Hall James & Associates LLC raised its position in shares of 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 purchasing an additional 49,510 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Ziff Davis during the 3rd quarter valued at approximately $1,460,000. Hedge funds and other 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.