Barclays Raises Ziff Davis (NASDAQ:ZD) Price Target to $61.00

Ziff Davis (NASDAQ:ZD - Free Report) had its price objective upped by Barclays from $44.00 to $61.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the technology company's stock.

ZD has been the topic of several other reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Citigroup cut their target price 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.29.

Ziff Davis Price Performance

Shares of ZD traded up $2.35 during mid-day trading on Monday, hitting $59.00. 880,585 shares of the company traded hands, compared to its average volume of 437,234. The business has a 50-day moving average of $47.80 and a 200 day moving average of $49.97. Ziff Davis has a one year low of $37.76 and a one year high of $70.90. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 50.00 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Ziff Davis

A number of hedge funds and other institutional investors have recently bought and sold shares of ZD. Dimensional Fund Advisors LP boosted its position in Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock worth $113,255,000 after purchasing an additional 257,056 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company's stock worth $15,204,000 after buying an additional 228,257 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Ziff Davis during the 3rd quarter worth about $7,210,000. Robeco Institutional Asset Management B.V. acquired a new position in Ziff Davis in the 3rd quarter valued at about $4,263,000. Finally, International Assets Investment Management LLC raised its holdings in Ziff Davis by 31,812.6% in the 3rd 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 period. Institutional investors own 99.76% of the company's stock.

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.