GSA Capital Partners LLP Purchases New Position in Ziff Davis, Inc. (NASDAQ:ZD)

GSA Capital Partners LLP acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the 3rd quarter, Holdings Channel reports. The fund acquired 15,933 shares of the technology company’s stock, valued at approximately $775,000.

Several other hedge funds also recently made changes to their positions in ZD. GHP Investment Advisors Inc. increased its holdings in shares of Ziff Davis by 1.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock valued at $856,000 after acquiring an additional 250 shares during the period. Arizona State Retirement System increased its stake in Ziff Davis by 2.2% in the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock valued at $711,000 after purchasing an additional 275 shares during the period. ProShare Advisors LLC raised its holdings in shares of Ziff Davis by 3.1% in the first quarter. ProShare Advisors LLC now owns 10,952 shares of the technology company’s stock valued at $690,000 after buying an additional 329 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Ziff Davis by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 80,020 shares of the technology company’s stock worth $5,044,000 after buying an additional 434 shares during the period. Finally, Rothschild Investment LLC purchased a new position in shares of Ziff Davis during the second quarter worth about $25,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Down 3.9 %

Shares of ZD stock opened at $55.10 on Monday. The business’s fifty day moving average price is $48.58 and its 200 day moving average price is $50.15. The firm has a market capitalization of $2.35 billion, a PE ratio of 46.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.91. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup decreased their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Barclays increased their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $71.29.

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.