Ziff Davis (NASDAQ:ZD) Given New $56.00 Price Target at UBS Group

Ziff Davis (NASDAQ:ZD) had its target price cut by UBS Group from $65.00 to $56.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

ZD has been the topic of a number of other research reports. Citigroup reduced their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays upped their price target 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $42.99 on Wednesday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 36.43 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. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.02. The firm has a 50 day moving average of $53.29 and a 200-day moving average of $51.34.

Institutional Trading of Ziff Davis

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock valued at $1,365,000 after buying an additional 216 shares during the period. TD Private Client Wealth LLC raised its position in shares of Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 249 shares during the last quarter. First Horizon Advisors Inc. lifted its stake 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 period. Gotham Asset Management LLC boosted its position in shares of Ziff Davis by 3.6% in the 4th quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company’s stock worth $424,000 after purchasing an additional 271 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of 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 purchasing an additional 488 shares during the last quarter. 99.76% of the stock is owned by 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.