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

Ziff Davis (NASDAQ:ZD) had its target price decreased by equities researchers at Citigroup from $58.00 to $52.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 25.88% from the company’s previous close.

Several other research analysts have also weighed in on the company. UBS Group lowered their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Barclays lifted their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Price Performance

Shares of ZD opened at $41.31 on Wednesday. The stock has a market cap of $1.77 billion, a P/E ratio of 35.01 and a beta of 1.36. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.02. The stock’s 50-day moving average price is $52.99 and its two-hundred day moving average price is $51.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently added to or reduced their stakes in ZD. Janus Henderson Group PLC increased its position in shares of Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after buying an additional 272,895 shares during the period. Legal & General Group Plc grew its position in Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after acquiring an additional 267,436 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ziff Davis by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock worth $131,112,000 after purchasing an additional 118,979 shares during the last quarter. CDAM UK Ltd raised its holdings in Ziff Davis by 16.6% during the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after buying an additional 213,071 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Ziff Davis by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after buying an additional 36,863 shares during the period. 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.