Ziff Davis, Inc. (NASDAQ:ZD) Receives $69.71 Average Price Target from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $69.71.

A number of brokerages have weighed in on ZD. UBS Group decreased their price target 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. Barclays lifted 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.

Ziff Davis Stock Up 1.6 %

Shares of ZD opened at $53.76 on Friday. The firm has a market cap of $2.30 billion, a PE ratio of 45.56 and a beta of 1.36. The company’s fifty day moving average is $54.81 and its two-hundred day moving average is $50.89. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.02. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Ziff Davis

Institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis in the 4th quarter worth about $35,000. Quadrant Capital Group LLC increased its position in shares of Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis in the 3rd quarter worth about $37,000. Summit Securities Group LLC bought a new stake in shares of Ziff Davis in the 4th quarter worth about $37,000. Finally, First Horizon Advisors Inc. increased its position in shares of Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds 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.