JPMorgan Chase & Co. Cuts Ziff Davis (NASDAQ:ZD) Price Target to $60.00

Ziff Davis (NASDAQ:ZD) had its price objective trimmed by JPMorgan Chase & Co. from $70.00 to $60.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Barclays upped their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Citigroup reduced their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, UBS Group reduced their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Stock Down 0.6 %

Shares of ZD stock opened at $41.06 on Wednesday. Ziff Davis has a 12 month low of $37.76 and a 12 month high of $70.02. The stock has a market cap of $1.75 billion, a P/E ratio of 34.80 and a beta of 1.36. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $52.99 and a two-hundred day simple moving average of $51.27.

Hedge Funds Weigh In On Ziff Davis

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millstone Evans Group LLC bought a new position in shares of Ziff Davis during the fourth quarter worth $35,000. Quadrant Capital Group LLC boosted its position 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 acquiring an additional 488 shares during the last quarter. Summit Securities Group LLC bought a new position in Ziff Davis during the fourth quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis during the third quarter valued at $37,000. Finally, First Horizon Advisors Inc. lifted its position in Ziff Davis by 42.9% during the fourth 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 own 99.76% of the company’s stock.

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.