Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Rating of “Hold” from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.50.

A number of research analysts recently issued reports on the company. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Citigroup decreased their price objective on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, UBS Group decreased their price target on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th.

Institutional Investors Weigh In On Ziff Davis

Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis during the fourth quarter worth about $25,000. Allworth Financial LP raised its stake in Ziff Davis by 149.8% during the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after acquiring an additional 617 shares during the last quarter. NBC Securities Inc. grew its stake in shares of Ziff Davis by 121.3% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after purchasing an additional 611 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD opened at $30.50 on Tuesday. The company has a market cap of $1.21 billion, a P/E ratio of 12.10 and a beta of 1.46. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $54.89. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $35.65 and its 200 day moving average price is $35.58.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.