Ziff Davis (NASDAQ:ZD) Trading 7.3% Higher – Should You Buy?

Ziff Davis, Inc. (NASDAQ:ZD) was up 7.3% during mid-day trading on Monday . The stock traded as high as $42.59 and last traded at $42.33. Approximately 480,944 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,067,134 shares. The stock had previously closed at $39.46.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. UBS Group lowered their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their target price on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. Finally, Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.13.

Ziff Davis Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50 day simple moving average of $35.32 and a 200-day simple moving average of $35.49. The firm has a market cap of $1.59 billion, a PE ratio of 38.51 and a beta of 1.50.

Hedge Funds Weigh In On Ziff Davis

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

About Ziff Davis

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.