Ziff Davis, Inc. (NASDAQ:ZD) Short Interest Down 29.9% in March

Ziff Davis, Inc. (NASDAQ:ZD) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,048,253 shares, a decrease of 29.9% from the February 26th total of 5,772,729 shares. Approximately 11.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,318,485 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Ziff Davis by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock worth $32,730,000 after buying an additional 18,577 shares in the last quarter. LSV Asset Management raised its holdings in Ziff Davis by 17.5% in the 4th quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock valued at $31,906,000 after acquiring an additional 135,021 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Ziff Davis by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock worth $30,249,000 after acquiring an additional 82,761 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ziff Davis by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company’s stock worth $29,354,000 after purchasing an additional 44,923 shares in the last quarter. Finally, Nuveen LLC grew its holdings in shares of Ziff Davis by 10.2% during the 4th quarter. Nuveen LLC now owns 808,325 shares of the technology company’s stock worth $28,413,000 after purchasing an additional 75,047 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

NASDAQ:ZD opened at $41.64 on Monday. The stock has a market cap of $1.58 billion, a P/E ratio of 37.85 and a beta of 1.50. Ziff Davis has a one year low of $22.45 and a one year high of $50.55. The company has a fifty day moving average price of $36.70 and a 200 day moving average price of $35.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27.

Analyst Ratings Changes

ZD has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 18th. Evercore reaffirmed an “outperform” rating and issued a $46.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. cut 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. Finally, Citigroup increased their target price on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and an average price target of $41.13.

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.