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

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $69.71.

Several equities research analysts have weighed in on ZD shares. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Barclays increased their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, UBS Group reduced their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd.

Ziff Davis Trading Up 1.5 %

Shares of NASDAQ ZD opened at $56.36 on Thursday. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.90. The stock has a market capitalization of $2.41 billion, a P/E ratio of 47.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $54.17 and a 200 day moving average price of $50.53.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZD. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Ziff Davis in the second quarter valued at approximately $221,000. Blue Trust Inc. grew its holdings in shares of Ziff Davis by 72.4% during the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after buying an additional 708 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after buying an additional 63,458 shares during the last quarter. Easterly Investment Partners LLC raised its position in shares of Ziff Davis by 50.9% in the second quarter. Easterly Investment Partners LLC now owns 14,286 shares of the technology company’s stock valued at $786,000 after buying an additional 4,816 shares during the last quarter. Finally, Legato Capital Management LLC lifted its stake in shares of Ziff Davis by 26.1% in the second quarter. Legato Capital Management LLC now owns 18,233 shares of the technology company’s stock worth $1,004,000 after buying an additional 3,772 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.