Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $69.71.

ZD has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. UBS Group reduced their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Finally, Barclays boosted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently made changes to their positions in ZD. Rothschild Investment LLC acquired a new position in Ziff Davis during the 2nd quarter valued at about $25,000. Quest Partners LLC acquired a new position in shares of Ziff Davis during the second quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis during the third quarter worth approximately $37,000. Innealta Capital LLC acquired a new stake in Ziff Davis in the second quarter worth approximately $75,000. Finally, TD Private Client Wealth LLC boosted its stake in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Down 4.5 %

NASDAQ:ZD opened at $55.57 on Thursday. The company has a market cap of $2.38 billion, a PE ratio of 47.09 and a beta of 1.35. The business’s 50 day moving average is $53.11 and its two-hundred day moving average is $50.57. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 52 week low of $37.76 and a 52 week high of $70.90.

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.