Ziff Davis (NASDAQ:ZD) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Ziff Davis (NASDAQ:ZD) from a buy rating to a hold rating in a report released on Saturday.

Several other analysts have also issued reports on the company. UBS Group set a $40.00 target price on Ziff Davis and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Barclays cut their target price on Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 13th. Susquehanna cut their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 12th. Finally, Citigroup cut their target price on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.00.

Ziff Davis Stock Down 0.9%

ZD stock opened at $32.26 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $31.94 and its 200 day moving average is $40.80. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 19.55 and a beta of 1.58. Ziff Davis has a 1-year low of $29.15 and a 1-year high of $60.62.

Institutional Trading of Ziff Davis

A number of institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Ziff Davis during the first quarter valued at approximately $703,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Ziff Davis by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock valued at $6,037,000 after purchasing an additional 3,696 shares during the period. Empowered Funds LLC boosted its stake in shares of Ziff Davis by 2.3% during the first quarter. Empowered Funds LLC now owns 179,882 shares of the technology company’s stock valued at $6,760,000 after purchasing an additional 4,115 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ziff Davis during the first quarter valued at approximately $673,000. Finally, Petrus Trust Company LTA purchased a new stake in shares of Ziff Davis during the first quarter valued at approximately $279,000. 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.