UBS Group Has Lowered Expectations for Ziff Davis (NASDAQ:ZD) Stock Price

Ziff Davis (NASDAQ:ZD) had its target price dropped by investment analysts at UBS Group from $76.00 to $65.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 10.49% from the company’s current price.

A number of other equities analysts have also recently weighed in on ZD. Citigroup cut their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Barclays lifted their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.71.

Ziff Davis Stock Performance

NASDAQ ZD opened at $58.83 on Tuesday. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 50.38 and a beta of 1.35. The business has a fifty day moving average of $50.48 and a 200-day moving average of $50.34. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors have recently added to or reduced their stakes in ZD. Price T Rowe Associates Inc. MD grew its position in Ziff Davis by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after acquiring an additional 995 shares during the period. Wesbanco Bank Inc. grew its position in Ziff Davis by 48.6% during the second quarter. Wesbanco Bank Inc. now owns 18,946 shares of the technology company’s stock valued at $1,043,000 after acquiring an additional 6,200 shares during the period. Cardinal Capital Management grew its position in Ziff Davis by 18.3% during the second quarter. Cardinal Capital Management now owns 30,101 shares of the technology company’s stock valued at $1,657,000 after acquiring an additional 4,647 shares during the period. QRG Capital Management Inc. grew its position in Ziff Davis by 3.3% during the second quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 590 shares during the period. Finally, SG Americas Securities LLC grew its position in Ziff Davis by 142.3% during the second quarter. SG Americas Securities LLC now owns 11,745 shares of the technology company’s stock valued at $647,000 after acquiring an additional 6,897 shares during the period. 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.