Ziff Davis (NASDAQ:ZD) Stock Rating Lowered by Zacks Research

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

Several other research firms have also issued reports on ZD. Citigroup boosted their target price on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. decreased their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. 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. UBS Group decreased 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. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Ziff Davis Price Performance

Ziff Davis stock opened at $43.31 on Wednesday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 39.37 and a beta of 1.14. Ziff Davis has a 1 year low of $22.45 and a 1 year high of $50.55. The business has a 50-day moving average of $42.48 and a 200-day moving average of $37.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Ziff Davis

Institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH boosted its position in Ziff Davis by 23.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock worth $9,129,000 after acquiring an additional 46,282 shares during the last quarter. LSV Asset Management boosted its position in Ziff Davis by 75.6% during the 3rd quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock worth $29,440,000 after acquiring an additional 332,674 shares during the last quarter. Invenomic Capital Management LP boosted its position in Ziff Davis by 86.0% during the 3rd quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock worth $15,562,000 after acquiring an additional 188,844 shares during the last quarter. Range Financial Group LLC acquired a new position in Ziff Davis during the 4th quarter worth approximately $1,297,000. Finally, Bastion Asset Management Inc. boosted its position in Ziff Davis by 92.2% during the 3rd quarter. Bastion Asset Management Inc. now owns 63,950 shares of the technology company’s stock worth $2,423,000 after acquiring an additional 30,679 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.