Barclays Forecasts Strong Price Appreciation for Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis (NASDAQ:ZD) had its price target boosted by analysts at Barclays from $44.00 to $61.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 6.29% from the company’s current price.

ZD has been the topic of several other reports. Citigroup decreased their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis Stock Performance

ZD opened at $57.39 on Monday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. Ziff Davis has a 12-month low of $37.76 and a 12-month high of $70.90. The business has a 50 day moving average of $48.00 and a 200-day moving average of $50.01. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 48.64 and a beta of 1.29.

Institutional Investors Weigh In On Ziff Davis

Institutional investors have recently made changes to their positions in the stock. Rice Hall James & Associates LLC increased its holdings in Ziff Davis by 11.0% in 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 buying an additional 49,510 shares during the period. International Assets Investment Management LLC increased its stake in Ziff Davis by 31,812.6% in the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after acquiring an additional 65,534 shares during the last quarter. State of Alaska Department of Revenue raised its position in Ziff Davis by 401.6% during the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 20,437 shares in the last quarter. QRG Capital Management Inc. raised its position in Ziff Davis by 4.6% during the first quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 777 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Ziff Davis by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock worth $6,231,000 after purchasing an additional 8,625 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

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.