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

Ziff Davis, Inc. (NASDAQ:ZD) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $69.71.

A number of equities research analysts recently weighed in on ZD shares. UBS Group lowered 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 report on Tuesday, December 3rd. Barclays boosted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

Ziff Davis Price Performance

ZD opened at $53.76 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.02. The company has a 50-day moving average of $54.81 and a 200-day moving average of $50.89. The company has a market capitalization of $2.30 billion, a P/E ratio of 45.56 and a beta of 1.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZD. Algert Global LLC acquired a new position in Ziff Davis during the 2nd quarter valued at about $256,000. Creative Planning boosted its stake in Ziff Davis by 16.4% during the 2nd quarter. Creative Planning now owns 5,840 shares of the technology company’s stock valued at $321,000 after purchasing an additional 822 shares during the period. SG Americas Securities LLC boosted its stake in Ziff Davis by 59.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,733 shares of the technology company’s stock valued at $912,000 after purchasing an additional 6,988 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Ziff Davis by 36.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,816 shares of the technology company’s stock worth $478,000 after acquiring an additional 2,600 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Ziff Davis by 20.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 32,999 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 5,506 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Company Profile

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.