Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Recommendation of “Hold” from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has received an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.00.

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

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors have recently added to or reduced their stakes in ZD. Janus Henderson Group PLC increased its holdings in Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after purchasing an additional 272,895 shares in the last quarter. Legal & General Group Plc increased its stake in shares of 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 buying an additional 267,436 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ziff Davis by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock valued at $131,112,000 after buying an additional 118,979 shares during the period. CDAM UK Ltd increased its stake in shares of Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after buying an additional 213,071 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in Ziff Davis by 10.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company’s stock valued at $41,851,000 after acquiring an additional 105,761 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $31.40 on Thursday. The stock has a market capitalization of $1.32 billion, a PE ratio of 26.61 and a beta of 1.60. 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 $31.96 and a two-hundred day moving average price of $43.30. Ziff Davis has a fifty-two week low of $29.15 and a fifty-two week high of $60.62.

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.