Wedge Capital Management L L P NC Has $1.41 Million Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Wedge Capital Management L L P NC grew its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,435 shares of the technology company’s stock after purchasing an additional 5,492 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.09% of Ziff Davis worth $1,407,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter valued at about $35,000. Quadrant Capital Group LLC boosted its stake in shares of Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter valued at about $37,000. First Horizon Advisors Inc. boosted its stake in shares of Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Ziff Davis by 786.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,234 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ziff Davis Trading Up 2.2%

Shares of ZD stock opened at $34.26 on Wednesday. The company has a market cap of $1.44 billion, a P/E ratio of 29.03 and a beta of 1.60. The stock has a 50 day simple moving average of $31.97 and a two-hundred day simple moving average of $44.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62.

Ziff Davis 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.