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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $71.29.

A number of brokerages have issued reports on ZD. 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. Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Citigroup dropped their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th.

Institutional Trading of Ziff Davis

A number of large investors have recently bought and sold shares of ZD. Empowered Funds LLC bought a new stake in shares of Ziff Davis in the third quarter valued at approximately $7,210,000. Rice Hall James & Associates LLC grew its stake in Ziff Davis by 11.0% in the 3rd 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 raised its holdings in Ziff Davis by 31,812.6% during the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after acquiring an additional 65,534 shares during the period. State of Alaska Department of Revenue raised its holdings in Ziff Davis by 401.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock valued at $1,242,000 after acquiring an additional 20,437 shares during the period. Finally, Principal Financial Group Inc. lifted 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. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

ZD opened at $58.24 on Friday. The firm’s fifty day moving average price is $49.44 and its two-hundred day moving average price is $50.26. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 49.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.90.

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.