Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Rating of "Hold" by Brokerages

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.00.

A number of equities analysts have commented on the company. UBS Group set a $40.00 target price on Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Citigroup dropped their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Susquehanna reduced their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen cut shares of Ziff Davis from a "buy" rating to a "hold" rating in a report on Saturday.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $32.26 on Monday. The firm's 50-day simple moving average is $31.94 and its 200-day simple moving average is $40.69. Ziff Davis has a 1 year low of $29.15 and a 1 year high of $60.62. The firm has a market cap of $1.36 billion, a PE ratio of 19.55 and a beta of 1.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently modified their holdings of the stock. Millstone Evans Group LLC acquired a new position in shares of Ziff Davis in the fourth quarter worth about $35,000. Quadrant Capital Group LLC boosted 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 during the period. Summit Securities Group LLC acquired a new position in Ziff Davis in the 4th quarter worth approximately $37,000. GAMMA Investing LLC boosted its position in shares of Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after buying an additional 426 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Ziff Davis in the first quarter worth $39,000. 99.76% of the stock is owned by institutional investors.

About Ziff Davis

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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