Ziff Davis (NASDAQ:ZD) Hits New 12-Month High – Time to Buy?

by · The Markets Daily

Ziff Davis, Inc. (NASDAQ:ZD – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $47.77 and last traded at $48.7090, with a volume of 3036349 shares trading hands. The stock had previously closed at $28.01.

Analysts Set New Price Targets

A number of brokerages recently commented on ZD. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Ziff Davis in a research note on Tuesday, February 24th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. Evercore reiterated an “outperform” rating and set a $46.00 target price on shares of Ziff Davis in a research report on Tuesday, February 24th. Citigroup cut their target price on 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, Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.38.

Read Our Latest Stock Report on Ziff Davis

Ziff Davis Trading Up 71.0%

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $34.25 and a 200-day moving average of $35.23. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 43.54 and a beta of 1.46.

Hedge Funds Weigh In On Ziff Davis

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its holdings in shares of Ziff Davis by 17.8% in the fourth quarter. Invesco Ltd. now owns 225,357 shares of the technology company’s stock valued at $7,921,000 after purchasing an additional 34,064 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Ziff Davis in the fourth quarter worth about $263,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Ziff Davis by 74.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,166 shares of the technology company’s stock valued at $357,000 after purchasing an additional 4,353 shares during the last quarter. Vident Advisory LLC lifted its holdings in Ziff Davis by 11.4% in the fourth quarter. Vident Advisory LLC now owns 20,265 shares of the technology company’s stock valued at $712,000 after buying an additional 2,068 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in shares of Ziff Davis by 20.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 23,675 shares of the technology company’s stock valued at $905,000 after acquiring an additional 4,085 shares during the period. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Company Profile

(Get Free Report)

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.

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