Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Recommendation of “Hold” by Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.50.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Ziff Davis by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock valued at $32,730,000 after acquiring an additional 18,577 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Ziff Davis by 23.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock valued at $9,129,000 after purchasing an additional 46,282 shares during the period. Empowered Funds LLC increased its position in shares of Ziff Davis by 19.8% during the 2nd quarter. Empowered Funds LLC now owns 215,503 shares of the technology company’s stock valued at $6,523,000 after purchasing an additional 35,621 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth $1,286,000. Finally, Bank of Montreal Can boosted its holdings in shares of Ziff Davis by 84.4% in the 2nd quarter. Bank of Montreal Can now owns 12,472 shares of the technology company’s stock worth $378,000 after buying an additional 5,709 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Shares of ZD opened at $31.39 on Tuesday. The business’s fifty day moving average is $35.25 and its 200 day moving average is $35.56. Ziff Davis has a 12-month low of $28.55 and a 12-month high of $50.26. 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 stock has a market cap of $1.24 billion, a P/E ratio of 12.46 and a beta of 1.46.

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.