Ziff Davis (NASDAQ:ZD) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Ziff Davis (NASDAQ:ZD - Free Report) from a hold rating to a buy rating in a research report sent to investors on Friday.

ZD has been the subject of several other reports. Barclays reduced their price objective 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. Citigroup cut their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. UBS Group set a $40.00 price objective on Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Susquehanna reduced their target price on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Ziff Davis has an average rating of "Hold" and an average target price of $47.00.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded down $0.88 during mid-day trading on Friday, reaching $30.43. 1,119,708 shares of the company's stock were exchanged, compared to its average volume of 539,373. The firm has a 50-day moving average price of $31.83 and a two-hundred day moving average price of $41.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.44 and a beta of 1.60. Ziff Davis has a 52 week low of $29.15 and a 52 week high of $60.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Ziff Davis during the 1st quarter valued at $25,381,000. Arrowstreet Capital Limited Partnership boosted its stake in Ziff Davis by 369.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock valued at $23,626,000 after buying an additional 342,207 shares during the period. Janus Henderson Group PLC grew its position in Ziff Davis by 8.5% during 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 in the last quarter. Legal & General Group Plc increased its stake in 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 worth $131,826,000 after acquiring an additional 267,436 shares during the last quarter. Finally, Pale Fire Capital SE purchased a new stake in shares of Ziff Davis in the 1st quarter valued at about $9,370,000. Hedge funds and other 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.