Ziff Davis, Inc. (NASDAQ:ZD) Given Average Recommendation of “Hold” by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three 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 $41.1250.

Several analysts have recently commented on ZD shares. JPMorgan Chase & Co. dropped their price objective on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. UBS Group decreased their target price on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Evercore reaffirmed an “outperform” rating and set a $46.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Barclays lifted their price objective on Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Finally, Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new position in shares of Ziff Davis in the 4th quarter valued at $25,000. Hantz Financial Services Inc. grew its position in Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after buying an additional 590 shares during the period. NBC Securities Inc. grew its position in Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares during the period. GAMMA Investing LLC increased its holdings in Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Ziff Davis in the third quarter worth about $35,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Trading Down 0.0%

Ziff Davis stock opened at $39.46 on Friday. The stock has a 50-day moving average price of $35.32 and a 200 day moving average price of $35.52. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 35.87 and a beta of 1.50. Ziff Davis has a 52 week low of $22.45 and a 52 week high of $50.55. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.