Ziff Davis (NASDAQ:ZD) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Ziff Davis shares crossed above their 200-day moving average (200-day MA $36.40) during Wednesday trading, reaching as high as $47.61 and last trading near $46.92 (about +2.8%).
• Analysts are mixed: the consensus rating is "Hold" with an average target of $41.13 (three Buys, five Holds, one Sell), while individual price targets range from roughly $30 (UBS) up to $46 (Evercore) and $45 (Barclays).
• Key fundamentals include a market cap of $1.78 billion, a P/E of 42.65, liquidity ratios of 1.27 and modest leverage (debt/equity 0.41), and very high institutional ownership at about 99.76%.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.40 and traded as high as $47.61. Ziff Davis shares last traded at $46.92, with a volume of 576,475 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Ziff Davis from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, April 6th. UBS Group lowered their price objective on Ziff Davis from $38.00 to $30.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Evercore restated an "outperform" rating and set a $46.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Royal Bank Of Canada restated an "outperform" rating and set a $40.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Finally, Barclays raised their price objective on Ziff Davis from $34.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ziff Davis currently has an average rating of "Hold" and an average target price of $41.13.

Ziff Davis Stock Up 2.8%

The firm has a 50 day moving average of $38.11 and a 200 day moving average of $36.40. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 42.65 and a beta of 1.14. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently added to or reduced their stakes in ZD. Federated Hermes Inc. acquired a new stake in Ziff Davis in the fourth quarter valued at approximately $25,000. NBC Securities Inc. grew its stake in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company's stock valued at $31,000 after acquiring an additional 485 shares during the period. Hantz Financial Services Inc. grew its stake in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company's stock valued at $31,000 after acquiring an additional 590 shares during the period. GAMMA Investing LLC grew its stake in Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company's stock valued at $32,000 after acquiring an additional 611 shares during the period. Finally, First Horizon Corp acquired a new stake in Ziff Davis in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 99.76% of the company's stock.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis's flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.

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