Ziff Davis, Inc. (NASDAQ:ZD) Receives Average Rating of "Hold" from Brokerages

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.

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

Several research firms have recently issued reports on ZD. Susquehanna dropped their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research report on Monday, May 12th. UBS Group set a $40.00 price target on shares of Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. Barclays lowered 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. Wall Street Zen lowered shares of Ziff Davis from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd.

Hedge Funds Weigh In On Ziff Davis

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new position in shares of Ziff Davis in the first quarter worth about $736,000. GAMMA Investing LLC boosted its holdings 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. Wells Fargo & Company MN boosted its holdings in shares of Ziff Davis by 19.6% in the fourth quarter. Wells Fargo & Company MN now owns 28,506 shares of the technology company's stock worth $1,549,000 after buying an additional 4,670 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Ziff Davis by 2.6% in the first quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock worth $7,997,000 after buying an additional 5,456 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Ziff Davis by 52.2% in the fourth quarter. Franklin Resources Inc. now owns 32,819 shares of the technology company's stock worth $1,783,000 after buying an additional 11,263 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Trading Down 5.2%

Shares of ZD traded down $1.63 on Friday, hitting $29.49. 700,899 shares of the stock traded hands, compared to its average volume of 478,740. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.24 billion, a P/E ratio of 17.87 and a beta of 1.63. The stock's 50 day moving average is $31.94 and its two-hundred day moving average is $37.78. Ziff Davis has a 1 year low of $28.55 and a 1 year high of $60.62.

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.