UBS Group Has Lowered Expectations for Ziff Davis (NASDAQ:ZD) Stock Price

Ziff Davis (NASDAQ:ZD) had its target price decreased by analysts at UBS Group from $76.00 to $65.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price target would indicate a potential upside of 8.95% from the stock’s previous close.

ZD has been the subject of a number of other research reports. Citigroup decreased their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. 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 report on Monday, November 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Stock Performance

NASDAQ ZD traded down $0.33 during trading on Tuesday, reaching $59.66. 25,767 shares of the company’s stock were exchanged, compared to its average volume of 434,277. The business has a 50 day moving average price of $50.28 and a 200-day moving average price of $50.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The stock has a market capitalization of $2.55 billion, a P/E ratio of 50.84 and a beta of 1.35.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Ziff Davis during the second quarter valued at $25,000. Quest Partners LLC acquired a new stake in shares of Ziff Davis in the second quarter worth $38,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ziff Davis in the 3rd quarter worth about $37,000. Innealta Capital LLC acquired a new position in Ziff Davis during the 2nd quarter valued at about $75,000. Finally, TD Private Client Wealth LLC lifted its stake in Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 249 shares during 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.