Ziff Davis (NASDAQ:ZD) Price Target Raised to $45.00

Ziff Davis (NASDAQ:ZD) had its target price hoisted by Barclays from $34.00 to $45.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Wall Street Zen cut Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group cut their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Citigroup decreased their price objective on shares of Ziff Davis from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Ziff Davis in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.13.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $42.32 on Wednesday. The business’s 50 day simple moving average is $34.84 and its 200-day simple moving average is $35.42. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 38.47 and a beta of 1.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27. Ziff Davis has a 12 month low of $22.45 and a 12 month high of $50.55.

Hedge Funds Weigh In On Ziff Davis

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Ziff Davis by 260.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock worth $21,005,000 after acquiring an additional 431,828 shares during the last quarter. LSV Asset Management raised its holdings in Ziff Davis by 313.8% in the 2nd quarter. LSV Asset Management now owns 440,026 shares of the technology company’s stock valued at $13,320,000 after acquiring an additional 333,680 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Ziff Davis by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock worth $80,794,000 after purchasing an additional 221,445 shares during the period. Invenomic Capital Management LP boosted its holdings in shares of Ziff Davis by 86.0% during the third quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock worth $15,562,000 after purchasing an additional 188,844 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Ziff Davis by 88.5% during the fourth quarter. AQR Capital Management LLC now owns 399,259 shares of the technology company’s stock worth $14,034,000 after purchasing an additional 187,431 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Company Profile

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.