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

Ziff Davis (NASDAQ:ZD) had its target price lifted by equities research analysts at Barclays from $44.00 to $61.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 7.74% from the company’s current price.

Several other equities research analysts have also recently commented on ZD. Citigroup cut their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis Stock Performance

NASDAQ:ZD traded down $0.03 during mid-day trading on Monday, reaching $56.62. 78,518 shares of the stock were exchanged, compared to its average volume of 433,555. The stock has a market capitalization of $2.53 billion, a P/E ratio of 47.48 and a beta of 1.29. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.90. The company has a 50 day simple moving average of $47.60 and a 200-day simple moving average of $49.91. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.

Institutional Trading of Ziff Davis

A number of hedge funds have recently made changes to their positions in ZD. Rice Hall James & Associates LLC increased its holdings in shares of 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 acquiring an additional 49,510 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Ziff Davis by 31,812.6% during the third 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 grew its position in shares of Ziff Davis by 401.6% during 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 acquiring an additional 20,437 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Ziff Davis by 4.6% in the 1st quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock worth $1,111,000 after acquiring an additional 777 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Ziff Davis by 8.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock valued at $6,231,000 after purchasing an additional 8,625 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.