Citigroup Cuts Ziff Davis (NASDAQ:ZD) Price Target to $52.00

Ziff Davis (NASDAQ:ZD) had its price objective trimmed by Citigroup from $58.00 to $52.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. Barclays upped their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group reduced their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Ziff Davis Trading Down 0.6 %

Shares of ZD stock opened at $41.06 on Wednesday. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50-day simple moving average of $52.99 and a two-hundred day simple moving average of $51.27. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 34.80 and a beta of 1.36.

Institutional Trading of Ziff Davis

Institutional investors have recently modified their holdings of the business. Millstone Evans Group LLC bought a new position in Ziff Davis in the 4th quarter worth approximately $35,000. Quadrant Capital Group LLC boosted its holdings in Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after buying an additional 488 shares during the period. Summit Securities Group LLC bought a new position in Ziff Davis in the 4th quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis in the 3rd quarter worth approximately $37,000. Finally, First Horizon Advisors Inc. boosted its holdings in Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after buying an additional 260 shares during the period. 99.76% of the stock is currently owned by hedge funds and other 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.