Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $47.00

Key Points

• Ziff Davis, Inc. has received a consensus rating of "Hold" from six research firms, with four analysts indicating a hold recommendation and two suggesting a buy.
• The average price objective for Ziff Davis shares among brokers over the past year is $47.00, significantly lower than previous targets set by various firms.
• Institutional investors currently own 99.76% of Ziff Davis stock, with notable recent investments from KLP Kapitalforvaltning AS and Arrowstreet Capital Limited Partnership.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) has been given an average rating of "Hold" by the six research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $47.00.

Several equities research analysts recently issued reports on the stock. Susquehanna dropped their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Citigroup reduced their target price on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Barclays reduced 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 research note on Tuesday, May 13th. Finally, UBS Group set a $40.00 target price on shares of Ziff Davis and gave the stock a "neutral" rating in a report on Wednesday, May 14th.

Ziff Davis Trading Up 1.7%

NASDAQ ZD traded up $0.51 during mid-day trading on Friday, reaching $30.00. 88,345 shares of the stock were exchanged, compared to its average volume of 529,978. The stock has a market capitalization of $1.26 billion, a PE ratio of 18.18 and a beta of 1.63. The business's fifty day simple moving average is $31.94 and its 200 day simple moving average is $37.55. Ziff Davis has a 1-year low of $28.55 and a 1-year high of $60.62. 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

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in shares of Ziff Davis in the 1st quarter valued at about $25,381,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock valued at $23,626,000 after purchasing an additional 342,207 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock valued at $189,512,000 after purchasing an additional 272,895 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after purchasing an additional 267,436 shares during the last quarter. Finally, Pale Fire Capital SE bought a new position in shares of Ziff Davis in the 1st quarter valued at about $9,370,000. Institutional investors own 99.76% of the company's stock.

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.