Steward Partners Investment Advisory LLC acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 668 shares of the technology company’s stock, valued at approximately $65,000.
Several other large investors have also modified their holdings of the business. Whittier Trust Co. acquired a new position in Ziff Davis during the 1st quarter valued at approximately $26,000. Allworth Financial LP purchased a new stake in shares of Ziff Davis in the 1st quarter valued at $28,000. Signaturefd LLC purchased a new stake in shares of Ziff Davis in the 1st quarter valued at $63,000. Harbor Investment Advisory LLC purchased a new stake in shares of Ziff Davis in the 1st quarter valued at $70,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Ziff Davis in the 1st quarter valued at $136,000. Institutional investors own 99.88% of the company’s stock.
Ziff Davis Price Performance
Shares of NASDAQ ZD opened at $83.22 on Thursday. The firm has a 50-day simple moving average of $77.09 and a 200-day simple moving average of $89.24. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.14 and a beta of 1.02. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.60. Ziff Davis, Inc. has a 52 week low of $68.42 and a 52 week high of $143.09.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ZD. Wedbush dropped their price objective on shares of Ziff Davis from $150.00 to $90.00 in a report on Thursday, May 12th. JMP Securities lowered their price target on shares of Ziff Davis from $145.00 to $110.00 and set a “market outperform” rating on the stock in a report on Monday, May 23rd. Susquehanna lowered their price target on shares of Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th. Robert W. Baird lowered their price target on shares of Ziff Davis from $125.00 to $100.00 in a report on Thursday, May 12th. Finally, Susquehanna Bancshares lowered their price target on shares of Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th.
Ziff Davis Company Profile
Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.
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