Ziff Davis (NASDAQ:ZD) Rating Lowered to Strong Sell at Zacks Research

Ziff Davis (NASDAQ:ZD) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on ZD. Barclays boosted their price objective on Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. UBS Group reduced their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Susquehanna boosted their price objective on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Citigroup boosted their price objective on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

Ziff Davis Trading Down 0.8%

NASDAQ:ZD opened at $43.31 on Wednesday. Ziff Davis has a 12-month low of $22.45 and a 12-month high of $50.55. The firm has a market capitalization of $1.64 billion, a P/E ratio of 39.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50 day simple moving average of $42.48 and a 200 day simple moving average of $37.25.

Institutional Trading of Ziff Davis

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in Ziff Davis during the 4th quarter valued at $25,000. Hantz Financial Services Inc. raised its stake in Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after acquiring an additional 590 shares in the last quarter. NBC Securities Inc. raised its stake in Ziff Davis by 121.3% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after acquiring an additional 485 shares in the last quarter. GAMMA Investing LLC raised its stake in Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. Finally, First Horizon Corp bought a new stake in Ziff Davis during the 3rd quarter valued at $35,000. Institutional investors own 99.76% of the company’s stock.

About Ziff Davis

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.