Ziff Davis, Inc. (NASDAQ:ZD) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 51.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,577 shares of the technology company's stock after acquiring an additional 12,152 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.08% of Ziff Davis worth $1,337,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC raised its stake in Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after buying an additional 426 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Ziff Davis in the fourth quarter valued at $35,000. Quadrant Capital Group LLC raised its stake in Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after buying an additional 488 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter worth about $37,000. Finally, Sterling Capital Management LLC increased its position in shares of Ziff Davis by 786.0% during the fourth 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. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $30.33 on Friday. The business's 50 day simple moving average is $32.13 and its 200-day simple moving average is $39.17. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.38 and a beta of 1.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. Ziff Davis, Inc. has a 12 month low of $29.15 and a 12 month high of $60.62.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ZD shares. Barclays reduced their target price on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. UBS Group set a $40.00 target price on Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. Citigroup lowered their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Wall Street Zen lowered Ziff Davis from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Susquehanna lowered their price target on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $47.00.

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.

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