GAMMA Investing LLC Purchases 26,508 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

GAMMA Investing LLC grew its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 9,236.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,795 shares of the technology company's stock after purchasing an additional 26,508 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Ziff Davis worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Millstone Evans Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter worth $35,000. Quadrant Capital Group LLC raised its stake in Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after purchasing an additional 488 shares in the last quarter. Summit Securities Group LLC bought a new stake in Ziff Davis in the 4th quarter valued at about $37,000. First Horizon Advisors Inc. grew its position in shares of Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after purchasing an additional 260 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Ziff Davis by 786.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company's stock worth $76,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZD shares. Barclays cut their price target on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Citigroup reduced their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. 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. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Susquehanna reduced their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $47.00.

Ziff Davis Stock Down 0.4%

Shares of Ziff Davis stock traded down $0.14 on Friday, hitting $31.58. The company had a trading volume of 251,574 shares, compared to its average volume of 531,677. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52. Ziff Davis, Inc. has a 1 year low of $29.15 and a 1 year high of $60.62. The stock has a 50 day moving average of $31.81 and a 200-day moving average of $42.94.

Ziff Davis 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.