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

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

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

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently added to or reduced their stakes in ZD. Nuveen LLC acquired a new stake in Ziff Davis in the first quarter worth $25,381,000. Arrowstreet Capital Limited Partnership increased its position in Ziff Davis by 369.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock worth $23,626,000 after buying an additional 342,207 shares during the period. Janus Henderson Group PLC increased its position in Ziff Davis by 8.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after buying an additional 272,895 shares during the period. Legal & General Group Plc increased its position in Ziff Davis by 12.4% in the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock worth $131,826,000 after buying an additional 267,436 shares during the period. Finally, Pale Fire Capital SE acquired a new stake in Ziff Davis in the first quarter worth $9,370,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Price Performance

ZD stock traded down $1.58 during trading on Thursday, hitting $30.78. The stock had a trading volume of 558,561 shares, compared to its average volume of 532,448. Ziff Davis has a 1-year low of $29.15 and a 1-year high of $60.62. The company's 50 day moving average price is $31.96 and its two-hundred day moving average price is $43.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 26.08 and a beta of 1.60.

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.