Ziff Davis (NASDAQ:ZD) Price Target Lowered to $65.00 at UBS Group

Ziff Davis (NASDAQ:ZD) had its price target cut by UBS Group from $76.00 to $65.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

ZD has been the topic of several other research reports. Barclays lifted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Stock Down 1.0 %

Shares of ZD stock opened at $59.42 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The company’s fifty day moving average price is $50.28 and its 200-day moving average price is $50.33. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 50.36 and a beta of 1.35. Ziff Davis has a one year low of $37.76 and a one year high of $70.90.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently made changes to their positions in ZD. Rothschild Investment LLC bought a new position in Ziff Davis during the 2nd quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis during the 3rd quarter worth $37,000. Quest Partners LLC bought a new stake in Ziff Davis during the 2nd quarter valued at $38,000. Innealta Capital LLC bought a new stake in shares of Ziff Davis in the second quarter valued at about $75,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors 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.