Ziff Davis (NASDAQ:ZD) Price Target Cut to $65.00 by Analysts at UBS Group

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

A number of other research analysts have also commented 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Citigroup lowered 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $57.72 on Tuesday. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.90. 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 business’s fifty day moving average price is $50.71 and its two-hundred day moving average price is $50.40. The firm has a market capitalization of $2.47 billion, a PE ratio of 48.92 and a beta of 1.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in shares of Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after acquiring an additional 22,155 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Ziff Davis during the 3rd quarter worth approximately $7,210,000. Rice Hall James & Associates LLC boosted its stake in Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after acquiring an additional 49,510 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Ziff Davis in the third quarter worth about $1,460,000. Finally, Principal Financial Group Inc. raised its stake in shares of Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock valued at $10,267,000 after purchasing an additional 56,352 shares during the period. Institutional investors and hedge funds 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.