Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Rating of “Hold” by Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $47.00.

Several research analysts have commented on the company. UBS Group set a $40.00 target price on Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Citigroup decreased their target price on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Susquehanna lowered their price target on shares of Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a report on Monday, May 12th. Finally, Barclays reduced their price objective on shares of Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 13th.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of ZD. Nuveen LLC acquired a new stake in shares of Ziff Davis in the 1st quarter valued at about $25,381,000. Arrowstreet Capital Limited Partnership boosted its holdings in Ziff Davis by 369.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock worth $23,626,000 after acquiring an additional 342,207 shares in the last quarter. Janus Henderson Group PLC grew its stake in Ziff Davis by 8.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after acquiring an additional 272,895 shares during the period. Legal & General Group Plc grew its stake in Ziff Davis by 12.4% in the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock valued at $131,826,000 after acquiring an additional 267,436 shares during the period. Finally, Pale Fire Capital SE bought a new stake in shares of Ziff Davis during the first quarter valued at approximately $9,370,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $33.84 on Thursday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 28.68 and a beta of 1.60. Ziff Davis has a twelve month low of $29.15 and a twelve month high of $60.62. The company’s fifty day moving average is $31.97 and its 200 day moving average is $44.05. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.