Barclays Increases Ziff Davis (NASDAQ:ZD) Price Target to $61.00

Ziff Davis (NASDAQ:ZD) had its price target raised by Barclays from $44.00 to $61.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

Several other analysts have also issued reports on ZD. Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.29.

Ziff Davis Trading Down 0.9 %

Shares of ZD stock opened at $57.31 on Monday. The stock has a 50 day simple moving average of $48.41 and a 200 day simple moving average of $50.12. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.90. The company has a current ratio of 1.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $2.45 billion, a P/E ratio of 48.57 and a beta of 1.29.

Institutional Trading of Ziff Davis

Several institutional investors and hedge funds have recently modified their holdings of the business. Rice Hall James & Associates LLC boosted its position in Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after buying an additional 49,510 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Ziff Davis by 31,812.6% during the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after acquiring an additional 65,534 shares in the last quarter. State of Alaska Department of Revenue grew its position in Ziff Davis by 401.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 20,437 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Ziff Davis by 4.6% in the 1st quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock worth $1,111,000 after purchasing an additional 777 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Ziff Davis by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock valued at $6,231,000 after purchasing an additional 8,625 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Company 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.