Ziff Davis (NASDAQ:ZD) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Ziff Davis (NASDAQ:ZD) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on ZD. UBS Group dropped their price objective on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 price objective on shares of Ziff Davis in a research note on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Citigroup lifted their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.00.

Ziff Davis Trading Down 0.8%

NASDAQ ZD opened at $43.31 on Wednesday. Ziff Davis has a one year low of $22.45 and a one year high of $50.55. The company’s 50 day moving average price is $42.48 and its 200 day moving average price is $37.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.37 and a beta of 1.14.

Institutional Trading of Ziff Davis

A number of hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. grew its position in shares of Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after buying an additional 485 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Ziff Davis by 1.4% during the second quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock worth $1,246,000 after buying an additional 550 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after buying an additional 590 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Ziff Davis by 2.1% during the third quarter. Nisa Investment Advisors LLC now owns 29,628 shares of the technology company’s stock worth $1,129,000 after buying an additional 610 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after buying an additional 611 shares in the last quarter. Institutional investors and hedge funds 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.