Ziff Davis (NASDAQ:ZD) Price Target Cut to $56.00 by Analysts at UBS Group

Ziff Davis (NASDAQ:ZD) had its price target dropped by equities researchers at UBS Group from $65.00 to $56.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 35.56% from the stock’s current price.

ZD has been the subject of a number of other reports. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Citigroup decreased their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Stock Performance

Shares of ZD stock opened at $41.31 on Wednesday. The firm has a 50 day moving average of $52.99 and a two-hundred day moving average of $51.27. The stock has a market capitalization of $1.77 billion, a PE ratio of 35.01 and a beta of 1.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 52 week low of $37.76 and a 52 week high of $70.02.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently made changes to their positions in ZD. Millstone Evans Group LLC acquired a new stake in Ziff Davis during the 4th quarter worth $35,000. Quadrant Capital Group LLC grew its holdings in shares of Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Ziff Davis during the third quarter worth about $37,000. Summit Securities Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter worth about $37,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

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.