JPMorgan Chase & Co. Has Lowered Expectations for Ziff Davis (NASDAQ:ZD) Stock Price

Ziff Davis (NASDAQ:ZD) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $70.00 to $60.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 45.24% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group lowered their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Finally, Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Price Performance

Shares of ZD stock opened at $41.31 on Wednesday. The stock has a 50 day moving average price of $52.99 and a 200 day moving average price of $51.27. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $1.77 billion, a P/E ratio of 35.01 and a beta of 1.36.

Institutional Trading of Ziff Davis

A number of hedge funds have recently added to or reduced their stakes in the business. Millstone Evans Group LLC purchased a new position in Ziff Davis during the fourth quarter valued at approximately $35,000. Quadrant Capital Group LLC raised its position in shares of Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after acquiring an additional 488 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis during the 4th quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis during the third quarter valued at about $37,000. Finally, First Horizon Advisors Inc. grew its stake in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.