Ziff Davis (NASDAQ:ZD) Upgraded at Wall Street Zen

Ziff Davis (NASDAQ:ZD) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities analysts have also recently issued reports on ZD. UBS Group set a $40.00 target price on Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Citigroup reduced their target price on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Barclays reduced their target price on Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Susquehanna reduced their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating on the stock in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.00.

Ziff Davis Price Performance

Shares of ZD opened at $30.43 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. Ziff Davis has a 1 year low of $29.15 and a 1 year high of $60.62. The stock has a market cap of $1.28 billion, a P/E ratio of 18.44 and a beta of 1.60. The stock’s 50-day moving average price is $31.83 and its two-hundred day moving average price is $41.69.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently modified their holdings of ZD. Nuveen LLC bought a new position in shares of Ziff Davis during the 1st quarter valued at about $25,381,000. Arrowstreet Capital Limited Partnership lifted its stake in Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock valued at $23,626,000 after acquiring an additional 342,207 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after acquiring an additional 272,895 shares in the last quarter. Legal & General Group Plc lifted its stake in Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock valued at $131,826,000 after acquiring an additional 267,436 shares in the last quarter. Finally, Pale Fire Capital SE bought a new stake in Ziff Davis in the 1st quarter valued at approximately $9,370,000. Institutional investors 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.