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

Ziff Davis (NASDAQ:ZD - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $70.00 to $60.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the technology company's stock.

ZD has been the topic of a number of other reports. UBS Group decreased their target price on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 3rd. Barclays upped their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, Citigroup cut their price objective on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.

Ziff Davis Price Performance

NASDAQ ZD traded down $0.25 during trading on Wednesday, reaching $41.06. The company's stock had a trading volume of 709,567 shares, compared to its average volume of 361,186. The stock has a market capitalization of $1.76 billion, a PE ratio of 34.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a fifty day moving average of $52.69 and a 200 day moving average of $51.32. Ziff Davis has a one year low of $37.76 and a one year high of $70.02.

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Institutional Investors Weigh In On Ziff Davis

Several institutional investors have recently bought and sold shares of ZD. Pacer Advisors Inc. boosted its holdings in Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock valued at $68,861,000 after acquiring an additional 1,265,967 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock worth $23,626,000 after buying an additional 342,207 shares during the period. Janus Henderson Group PLC lifted its holdings in Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after buying an additional 272,895 shares during the period. Legal & General Group Plc lifted its holdings in Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock worth $131,826,000 after buying an additional 267,436 shares during the period. Finally, CDAM UK Ltd lifted its holdings in Ziff Davis by 16.6% in the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock worth $81,122,000 after buying an additional 213,071 shares during the period. 99.76% of the stock is currently 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.