Ziff Davis (NASDAQ:ZD - Free Report) had its price objective lowered by Citigroup from $52.00 to $35.00 in a research note released on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the technology company's stock.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. UBS Group dropped their price target on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Ziff Davis has an average rating of "Hold" and a consensus target price of $58.33.
Read Our Latest Research Report on Ziff Davis
Ziff Davis Price Performance
Shares of ZD stock traded down $0.12 on Friday, hitting $30.95. 430,264 shares of the stock traded hands, compared to its average volume of 508,872. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 26.23 and a beta of 1.47. Ziff Davis has a 52 week low of $29.34 and a 52 week high of $60.62. The firm has a 50 day simple moving average of $38.02 and a two-hundred day simple moving average of $48.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.
Insider Buying and Selling at Ziff Davis
In related news, CFO Bret Richter acquired 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This represents a 18.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the purchase, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 5,028 shares of company stock valued at $198,024. 2.16% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ziff Davis
Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after purchasing an additional 426 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Ziff Davis during the 4th quarter worth $35,000. Quadrant Capital Group LLC raised its holdings in shares of Ziff Davis by 278.9% during 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Ziff Davis during the 3rd quarter worth $37,000. Finally, Summit Securities Group LLC purchased a new position in shares of Ziff Davis during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 99.76% of the company's stock.
Ziff Davis Company Profile
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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.
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