Ziff Davis (NASDAQ:ZD) Price Target Cut to $52.00 by Analysts at Citigroup

Ziff Davis (NASDAQ:ZD - Get Free Report) had its target price lowered by equities research analysts at Citigroup from $58.00 to $52.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Citigroup's price target would indicate a potential upside of 26.64% from the stock's previous close.

Other research analysts have also issued research reports about the company. UBS Group reduced their price objective on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, December 3rd. Barclays increased their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $65.67.

Ziff Davis Trading Down 0.6 %

NASDAQ ZD traded down $0.25 on Wednesday, hitting $41.06. The company's stock had a trading volume of 709,567 shares, compared to its average volume of 361,186. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.02. The firm has a market cap of $1.76 billion, a P/E ratio of 34.80 and a beta of 1.36. The company's 50-day simple moving average is $52.99 and its 200 day simple moving average is $51.27.

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Institutional Investors Weigh In On Ziff Davis

Hedge funds have recently bought and sold shares of the business. Creative Planning increased its holdings in shares of Ziff Davis by 128.5% in the 3rd quarter. Creative Planning now owns 13,347 shares of the technology company's stock valued at $649,000 after acquiring an additional 7,507 shares during the period. International Assets Investment Management LLC increased its stake in shares of Ziff Davis by 31,812.6% in the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company's stock valued at $3,199,000 after purchasing an additional 65,534 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Ziff Davis by 66.2% during the third quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the technology company's stock worth $1,051,000 after purchasing an additional 8,600 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Ziff Davis by 401.6% in the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company's stock valued at $1,242,000 after purchasing an additional 20,437 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Ziff Davis by 2.8% in the third quarter. New York State Teachers Retirement System now owns 60,762 shares of the technology company's stock valued at $2,957,000 after buying an additional 1,639 shares in the last quarter. 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.