Barclays Issues Positive Forecast for Ziff Davis (NASDAQ:ZD) Stock Price

Ziff Davis (NASDAQ:ZD) had its target price lifted by Barclays from $44.00 to $61.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

ZD has been the subject of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis Stock Up 4.1 %

ZD opened at $59.00 on Monday. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.90. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 50.00 and a beta of 1.29. The business has a 50 day moving average of $47.80 and a 200-day moving average of $49.97.

Institutional Trading of Ziff Davis

A number of hedge funds and other institutional investors have recently made changes to their positions in ZD. Rice Hall James & Associates LLC increased its position in 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 purchasing an additional 49,510 shares during the period. International Assets Investment Management LLC increased its position in Ziff Davis by 31,812.6% in the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock worth $3,199,000 after purchasing an additional 65,534 shares during the period. State of Alaska Department of Revenue increased its position in Ziff Davis by 401.6% in the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 20,437 shares during the period. QRG Capital Management Inc. increased its position in Ziff Davis by 4.6% in the first quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock worth $1,111,000 after purchasing an additional 777 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Ziff Davis by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock worth $6,231,000 after purchasing an additional 8,625 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.