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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $71.29.

A number of equities research analysts recently commented on the stock. Citigroup lowered their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Finally, Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th.

Institutional Trading of Ziff Davis

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Ziff Davis by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock valued at $204,227,000 after acquiring an additional 10,303 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after acquiring an additional 257,056 shares during the period. Geode Capital Management LLC grew its stake in shares of Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after acquiring an additional 36,863 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Ziff Davis by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after acquiring an additional 60,472 shares during the period. Finally, Rice Hall James & Associates LLC grew its stake 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 worth $24,394,000 after acquiring an additional 49,510 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $57.71 on Friday. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.90. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 48.91 and a beta of 1.29. The company has a fifty day moving average of $49.83 and a 200-day moving average of $50.33. 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 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.