Analysts Set Ziff Davis, Inc. (NASDAQ:ZD) Target Price at $71.29

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat 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 target among brokers that have updated their coverage on the stock in the last year is $71.29.

Several analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research 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 for the company in a research report on Friday, August 9th. Finally, Barclays boosted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new position in shares of Ziff Davis in the third quarter worth $986,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the third quarter worth $37,000. Virtu Financial LLC bought a new stake in Ziff Davis in the third quarter worth $503,000. TD Private Client Wealth LLC increased its position in Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 249 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD stock opened at $57.71 on Friday. The company has a 50 day moving average price of $49.83 and a 200-day moving average price of $50.33. Ziff Davis has a 52 week low of $37.76 and a 52 week high of $70.90. The firm has a market capitalization of $2.47 billion, a PE ratio of 48.91 and a beta of 1.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.