Ziff Davis (NASDAQ:ZD) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Ziff Davis (NASDAQ:ZD) from a "hold" to a strong sell rating in a report released Wednesday.
• Analyst coverage is mixed—three Buys, five Holds and one Sell—resulting in a MarketBeat consensus of Hold with a $43.00 average price target.
• Institutional investors own 99.76% of the stock, and several funds increased Q4 stakes (notably Goldman Sachs up 260.5%), indicating heavy institutional activity despite divergent analyst views.

Ziff Davis (NASDAQ:ZD - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Wednesday,Zacks.com reports.

ZD has been the subject of a number of other reports. Evercore reaffirmed an "outperform" rating and issued a $46.00 price target on shares of Ziff Davis in a report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on Ziff Davis from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $40.00 price objective on shares of Ziff Davis in a report on Tuesday, February 24th. UBS Group dropped their price objective on Ziff Davis from $38.00 to $30.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Finally, Susquehanna boosted their price objective on Ziff Davis from $45.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ziff Davis presently has an average rating of "Hold" and a consensus price target of $43.00.

Ziff Davis Stock Performance

Ziff Davis stock opened at $43.31 on Wednesday. The stock has a 50-day simple moving average of $42.48 and a 200 day simple moving average of $37.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ziff Davis has a 12-month low of $22.45 and a 12-month high of $50.55. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.37 and a beta of 1.14.

Institutional Trading of Ziff Davis

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management grew its position in shares of Ziff Davis by 17.5% during the 4th quarter. LSV Asset Management now owns 907,721 shares of the technology company's stock worth $31,906,000 after buying an additional 135,021 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Ziff Davis by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company's stock worth $30,249,000 after buying an additional 82,761 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Ziff Davis by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company's stock worth $29,354,000 after buying an additional 44,923 shares during the period. Nuveen LLC grew its position in shares of Ziff Davis by 10.2% during the 4th quarter. Nuveen LLC now owns 808,325 shares of the technology company's stock worth $28,413,000 after buying an additional 75,047 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Ziff Davis by 260.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company's stock worth $21,005,000 after buying an additional 431,828 shares during the period. 99.76% of the stock is owned by institutional investors.

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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