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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $71.29.

A number of research firms have commented on ZD. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target 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 on the stock in a report on Friday, August 9th. Finally, Barclays raised their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $58.24 on Friday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 49.36 and a beta of 1.29. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90. The company’s fifty day moving average is $49.44 and its 200 day moving average is $50.26. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZD. Rothschild Investment LLC bought a new position in Ziff Davis in the second quarter worth approximately $25,000. Quest Partners LLC bought a new position in shares of Ziff Davis in the 2nd quarter worth $38,000. Innealta Capital LLC bought a new stake in Ziff Davis during the 2nd quarter valued at $75,000. TD Private Client Wealth LLC raised its holdings in Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after buying an additional 249 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after buying an additional 708 shares in the last quarter. 99.76% of the stock is owned by 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.