Ziff Davis (NASDAQ:ZD) Upgraded at 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 report published on Friday.

Other equities analysts have also issued research reports about the stock. Susquehanna decreased their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 12th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. 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 reduced their target price on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Finally, Citigroup reduced their target price on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $47.00.

Ziff Davis Trading Down 0.5%

ZD stock traded down $0.16 during midday trading on Friday, hitting $30.27. The stock had a trading volume of 796,751 shares, compared to its average volume of 538,529. The firm has a market cap of $1.27 billion, a PE ratio of 18.35 and a beta of 1.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. Ziff Davis has a 12-month low of $29.15 and a 12-month high of $60.62. The company's 50-day moving average price is $31.83 and its 200 day moving average price is $41.57.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Ziff Davis by 9.0% in 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. Wells Fargo & Company MN increased its position in shares of Ziff Davis by 19.6% in the 4th quarter. Wells Fargo & Company MN now owns 28,506 shares of the technology company's stock worth $1,549,000 after purchasing an additional 4,670 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Ziff Davis by 9,236.2% in the 1st quarter. GAMMA Investing LLC now owns 26,795 shares of the technology company's stock worth $1,007,000 after purchasing an additional 26,508 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Ziff Davis by 52.2% in the 4th quarter. Franklin Resources Inc. now owns 32,819 shares of the technology company's stock worth $1,783,000 after purchasing an additional 11,263 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Ziff Davis in the 4th quarter worth about $1,426,000. Institutional investors and hedge funds own 99.76% of the company's stock.

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.