UBS Group Lowers Ziff Davis (NASDAQ:ZD) Price Target to $56.00

Ziff Davis (NASDAQ:ZD) had its price objective lowered by analysts at UBS Group from $65.00 to $56.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective points to a potential upside of 27.95% from the company’s current price.

A number of other research firms have also recently weighed in on ZD. Barclays raised their price target 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 reduced their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three investment 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 an average rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Stock Performance

NASDAQ:ZD traded down $3.73 during mid-day trading on Wednesday, hitting $43.77. 400,477 shares of the company’s stock traded hands, compared to its average volume of 331,454. The firm has a 50 day moving average of $53.54 and a two-hundred day moving average of $51.40. Ziff Davis has a 12 month low of $37.76 and a 12 month high of $70.02. 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 firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 37.28 and a beta of 1.36.

Institutional Trading of Ziff Davis

A number of hedge funds and other institutional investors have recently bought and sold shares of ZD. Creative Planning grew its holdings in shares of Ziff Davis by 128.5% during the third quarter. Creative Planning now owns 13,347 shares of the technology company’s stock valued at $649,000 after buying an additional 7,507 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Ziff Davis by 31,812.6% during the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after purchasing an additional 65,534 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Ziff Davis by 66.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 8,600 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Ziff Davis by 401.6% in the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 20,437 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Ziff Davis by 2.8% in the third quarter. New York State Teachers Retirement System now owns 60,762 shares of the technology company’s stock valued at $2,957,000 after purchasing an additional 1,639 shares in 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.