Ziff Davis (NASDAQ:ZD) Downgraded by JPMorgan Chase & Co. to "Neutral"

Ziff Davis (NASDAQ:ZD - Get Free Report) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a report released on Tuesday,Finviz reports. They currently have a $33.00 target price on the technology company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 6.62% from the company's previous close.

ZD has been the topic of several other research reports. Citigroup cut their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. UBS Group reduced their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ziff Davis has a consensus rating of "Hold" and a consensus price target of $61.17.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $30.95 on Tuesday. The firm has a 50 day simple moving average of $39.83 and a 200 day simple moving average of $48.55. Ziff Davis has a fifty-two week low of $29.54 and a fifty-two week high of $60.62. 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 market cap of $1.33 billion, a P/E ratio of 26.23 and a beta of 1.47.

Insider Transactions at Ziff Davis

In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the acquisition, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,028 shares of company stock worth $198,024. 2.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ziff Davis

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in Ziff Davis in the third quarter valued at $986,000. Virtu Financial LLC bought a new stake in Ziff Davis during the third quarter worth about $503,000. Principal Financial Group Inc. boosted its position in Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after purchasing an additional 56,352 shares during the last quarter. Brave Asset Management Inc. grew its stake in Ziff Davis by 3.9% in the fourth quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company's stock valued at $19,754,000 after purchasing an additional 13,659 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Ziff Davis by 19.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company's stock worth $19,052,000 after purchasing an additional 57,830 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

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.

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