Ziff Davis, Inc. (NASDAQ:ZD) Receives $71.29 Average Price Target from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $71.29.

ZD has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Citigroup cut their price objective on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, August 9th. Finally, Barclays boosted their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th.

Institutional Trading of Ziff Davis

Several hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new position in Ziff Davis in the second quarter worth approximately $25,000. Quest Partners LLC purchased a new position in Ziff Davis in the second quarter valued at $38,000. Innealta Capital LLC acquired a new stake in Ziff Davis in the second quarter valued at $75,000. TD Private Client Wealth LLC lifted its holdings in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after buying an additional 249 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock worth $93,000 after acquiring an additional 708 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Ziff Davis stock traded up $1.02 during mid-day trading on Friday, reaching $58.24. 561,712 shares of the company traded hands, compared to its average volume of 460,821. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 49.36 and a beta of 1.29. The firm's fifty day moving average is $49.44 and its two-hundred day moving average is $50.23.

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.