Brokerages Set Ziff Davis, Inc. (NASDAQ:ZD) PT at $69.71

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $69.71.

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group reduced their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd.

Ziff Davis Price Performance

ZD stock opened at $53.21 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis has a 52 week low of $37.76 and a 52 week high of $70.90. The firm’s fifty day moving average is $56.17 and its 200 day moving average is $50.40. The firm has a market cap of $2.27 billion, a P/E ratio of 45.09 and a beta of 1.36.

Hedge Funds Weigh In On Ziff Davis

A number of hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock valued at $156,422,000 after purchasing an additional 62,261 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ziff Davis by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after purchasing an additional 257,056 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ziff Davis by 3.0% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after purchasing an additional 60,472 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after purchasing an additional 49,510 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Company Profile

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.