Janney Montgomery Scott LLC Buys New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

Janney Montgomery Scott LLC purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,626 shares of the technology company’s stock, valued at approximately $809,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC increased its stake in Ziff Davis by 11.0% during the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after acquiring an additional 49,510 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 worth $3,199,000 after buying an additional 65,534 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Ziff Davis by 401.6% in the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock worth $1,242,000 after buying an additional 20,437 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Ziff Davis by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock worth $6,231,000 after buying an additional 8,625 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after buying an additional 63,458 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Down 3.9 %

Shares of Ziff Davis stock opened at $55.10 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $48.58 and its 200-day simple moving average is $50.15. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 46.70 and a beta of 1.29. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90.

Wall Street Analyst Weigh In

ZD has been the subject of several analyst reports. Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Citigroup reduced their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, 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 given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis 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.