UBS Group Cuts Ziff Davis (NASDAQ:ZD) Price Target to $56.00

Ziff Davis (NASDAQ:ZD - Get Free Report) had its price objective decreased by stock analysts at UBS Group from $65.00 to $56.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. UBS Group's target price would suggest a potential upside of 36.39% from the company's previous close.

A number of other equities analysts have also commented on the company. Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Barclays increased their price target on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.67.

Ziff Davis Price Performance

Shares of NASDAQ ZD traded down $0.25 during mid-day 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 firm 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 stock has a fifty day moving average of $52.69 and a two-hundred day moving average of $51.39. Ziff Davis has a 52 week low of $37.76 and a 52 week high of $70.02.

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Institutional Investors Weigh In On Ziff Davis

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning boosted its position in Ziff Davis by 128.5% during 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 in the last quarter. International Assets Investment Management LLC boosted its position in Ziff Davis by 31,812.6% during 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 acquiring 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 3rd quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the technology company's stock valued at $1,051,000 after acquiring an additional 8,600 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Ziff Davis by 401.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company's stock valued at $1,242,000 after acquiring an additional 20,437 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in Ziff Davis by 2.8% during the 3rd quarter. New York State Teachers Retirement System now owns 60,762 shares of the technology company's stock valued at $2,957,000 after acquiring an additional 1,639 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.