Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) PT at $69.71

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $69.71.

A number of analysts recently commented on ZD shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. UBS Group lowered their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, December 3rd. Finally, Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th.

Ziff Davis Stock Up 0.7 %

NASDAQ ZD traded up $0.39 on Thursday, hitting $55.96. The stock had a trading volume of 660,797 shares, compared to its average volume of 437,231. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.90. The business's fifty day moving average price is $53.11 and its 200 day moving average price is $50.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 47.42 and a beta of 1.35.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Ziff Davis by 36.4% in the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after purchasing an additional 56,352 shares during the period. Franklin Resources Inc. acquired a new position in shares of Ziff Davis in the third quarter worth about $986,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ziff Davis during the 3rd quarter worth about $37,000. Virtu Financial LLC acquired a new stake in shares of Ziff Davis during the 3rd quarter valued at about $503,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds 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.