Ziff Davis, Inc. (NASDAQ:ZD) Receives $71.29 Average Target Price from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $71.29.

Several research firms recently weighed in on ZD. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Citigroup reduced their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Barclays boosted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Ziff Davis Stock Down 0.2 %

ZD opened at $57.88 on Friday. The firm has a market cap of $2.47 billion, a P/E ratio of 48.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average price of $49.60 and a 200 day moving average price of $50.25. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis in the third quarter valued at $37,000. Virtu Financial LLC bought a new stake in Ziff Davis during the 3rd quarter worth about $503,000. TD Private Client Wealth LLC lifted its position in shares of Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 249 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ziff Davis by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Ziff Davis by 55.6% in the third quarter. MML Investors Services LLC now owns 5,757 shares of the technology company’s stock valued at $280,000 after purchasing an additional 2,057 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

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.