Ziff Davis (NASDAQ:ZD) Price Target Cut to $60.00 by Analysts at JPMorgan Chase & Co.

Ziff Davis (NASDAQ:ZD) had its price objective cut by JPMorgan Chase & Co. from $70.00 to $60.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts have also issued reports on the stock. UBS Group dropped their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Citigroup dropped their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Stock Performance

NASDAQ ZD opened at $42.99 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $53.29 and its two-hundred day moving average price is $51.34. Ziff Davis has a 1 year low of $37.76 and a 1 year high of $70.02. The firm has a market capitalization of $1.84 billion, a P/E ratio of 36.43 and a beta of 1.36.

Hedge Funds Weigh In On Ziff Davis

Large investors have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new position in shares of Ziff Davis in the fourth quarter valued at about $755,000. Western Wealth Management LLC acquired a new position in shares of Ziff Davis in the fourth quarter valued at about $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ziff Davis by 17.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company’s stock valued at $8,529,000 after acquiring an additional 23,623 shares in the last quarter. Sherbrooke Park Advisers LLC grew its stake in shares of Ziff Davis by 10.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock valued at $292,000 after acquiring an additional 527 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock valued at $1,365,000 after acquiring an additional 216 shares in the last quarter. 99.76% of the stock is owned by 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.