Ziff Davis (NASDAQ:ZD) Trading Up 7.3% – What’s Next?

Ziff Davis, Inc. (NASDAQ:ZD) traded up 7.3% during mid-day trading on Monday . The stock traded as high as $42.59 and last traded at $42.33. 480,944 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,067,134 shares. The stock had previously closed at $39.46.

Analyst Upgrades and Downgrades

ZD has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ziff Davis in a report on Tuesday, February 24th. UBS Group decreased their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. Finally, Evercore reissued an “outperform” rating and issued a $46.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.13.

Ziff Davis Price Performance

The firm’s 50 day moving average price is $35.32 and its two-hundred day moving average price is $35.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $1.59 billion, a PE ratio of 38.51 and a beta of 1.50.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Ziff Davis by 30.2% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after buying an additional 295 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after buying an additional 485 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Ziff Davis by 1.4% in the second quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after acquiring an additional 550 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Ziff Davis by 5.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,806 shares of the technology company’s stock valued at $327,000 after acquiring an additional 578 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after acquiring an additional 590 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.