Short Interest in Ziff Davis, Inc. (NASDAQ:ZD) Decreases By 29.9%

Ziff Davis, Inc. (NASDAQ:ZD) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,048,253 shares, a decline of 29.9% from the February 26th total of 5,772,729 shares. Currently, 11.0% of the company’s shares are short sold. Based on an average daily volume of 2,318,485 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Ziff Davis

A number of large investors have recently made changes to their positions in ZD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Ziff Davis by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 3,696 shares during the period. Geode Capital Management LLC increased its stake in Ziff Davis by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock valued at $32,730,000 after buying an additional 18,577 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in Ziff Davis by 8.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,763 shares of the technology company’s stock valued at $296,000 after buying an additional 789 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ziff Davis by 5.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,806 shares of the technology company’s stock worth $327,000 after buying an additional 578 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Ziff Davis by 87.5% during the 2nd quarter. Creative Planning now owns 17,098 shares of the technology company’s stock valued at $518,000 after buying an additional 7,978 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup increased their price target on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Barclays upped their price objective on shares of Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Weiss Ratings raised shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 18th. UBS Group decreased their target price on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Evercore reissued an “outperform” rating and issued a $46.00 target price on shares of Ziff Davis in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.13.

Ziff Davis Stock Down 3.9%

NASDAQ:ZD opened at $41.64 on Friday. The business’s fifty day moving average price is $36.70 and its 200 day moving average price is $35.85. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 37.85 and a beta of 1.50. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. Ziff Davis has a 1-year low of $22.45 and a 1-year high of $50.55.

About Ziff Davis

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.