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

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.00.

A number of equities analysts have commented on the company. Citigroup reduced their price objective on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Susquehanna reduced their target price on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Barclays reduced their price objective on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. UBS Group set a $40.00 price objective on Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, 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.

Institutional Trading of Ziff Davis

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Ziff Davis by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock worth $41,187,000 after purchasing an additional 62,402 shares during the last quarter. Choreo LLC grew its holdings in Ziff Davis by 28.8% during the fourth quarter. Choreo LLC now owns 10,369 shares of the technology company's stock worth $566,000 after purchasing an additional 2,318 shares during the period. Wells Fargo & Company MN increased its position in Ziff Davis by 19.6% during 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 last quarter. Franklin Resources Inc. raised its stake in Ziff Davis by 52.2% in the fourth quarter. Franklin Resources Inc. now owns 32,819 shares of the technology company's stock valued at $1,783,000 after buying an additional 11,263 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Ziff Davis in the fourth quarter valued at approximately $1,426,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Performance

Shares of ZD traded down $1.10 on Thursday, reaching $31.26. 237,432 shares of the stock traded hands, compared to its average volume of 519,453. The stock's 50-day moving average price is $31.97 and its 200-day moving average price is $43.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 26.49 and a beta of 1.60. Ziff Davis has a 12 month low of $29.15 and a 12 month high of $60.62.

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.