Ziff Davis (NASDAQ:ZD) Trading Down 5.1% on Analyst Downgrade

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) were down 5.1% on Wednesday after UBS Group lowered their price target on the stock from $65.00 to $56.00. UBS Group currently has a neutral rating on the stock. Ziff Davis traded as low as $45.15 and last traded at $45.09. Approximately 72,486 shares changed hands during trading, a decline of 78% from the average daily volume of 322,511 shares. The stock had previously closed at $47.50.

ZD has been the subject of several other reports. Barclays increased their target price on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Citigroup decreased 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. Finally, JPMorgan Chase & Co. decreased 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after purchasing an additional 272,895 shares during the period. Legal & General Group Plc grew its stake in Ziff Davis by 12.4% during the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock worth $131,826,000 after purchasing an additional 267,436 shares during the period. Dimensional Fund Advisors LP grew its stake in Ziff Davis by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock worth $131,112,000 after purchasing an additional 118,979 shares during the period. CDAM UK Ltd grew its stake in Ziff Davis by 16.6% during the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock worth $81,122,000 after purchasing an additional 213,071 shares during the period. Finally, Geode Capital Management LLC grew its stake in Ziff Davis by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company's stock worth $62,040,000 after purchasing an additional 36,863 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

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Ziff Davis Stock Down 0.6 %

The firm has a 50 day moving average of $52.69 and a 200 day moving average of $51.32. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 34.80 and a beta of 1.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.