Ziff Davis (NASDAQ:ZD) Price Target Cut to $76.00 by Analysts at UBS Group

Ziff Davis (NASDAQ:ZDFree Report) had its price objective cut by UBS Group from $77.00 to $76.00 in a report published on Tuesday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other brokerages also recently commented on ZD. Barclays boosted their price objective on Ziff Davis from $66.00 to $68.00 and gave the company an equal weight rating in a research report on Friday, February 23rd. Evercore ISI boosted their price objective on Ziff Davis from $75.00 to $80.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Susquehanna lowered their price objective on Ziff Davis from $120.00 to $90.00 and set a positive rating on the stock in a research report on Friday, November 10th. Wedbush boosted their price objective on Ziff Davis from $75.00 to $78.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada restated an outperform rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $81.17.

View Our Latest Research Report on Ziff Davis

Ziff Davis Stock Performance

NASDAQ:ZD opened at $66.77 on Tuesday. The stock has a 50-day simple moving average of $67.16 and a two-hundred day simple moving average of $65.30. Ziff Davis has a 52-week low of $57.97 and a 52-week high of $78.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $3.08 billion, a PE ratio of 81.43 and a beta of 1.20.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the sale, the executive vice president now directly owns 7,261 shares in the company, valued at $504,131.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.08% of the company’s stock.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZD. First Horizon Advisors Inc. grew its stake in shares of Ziff Davis by 32.2% during the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock valued at $46,000 after buying an additional 167 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Ziff Davis by 0.9% during the fourth quarter. Cardinal Capital Management now owns 18,857 shares of the technology company’s stock valued at $1,267,000 after buying an additional 168 shares during the last quarter. Citigroup Inc. grew its stake in shares of Ziff Davis by 1.1% during the first quarter. Citigroup Inc. now owns 16,930 shares of the technology company’s stock valued at $1,321,000 after buying an additional 178 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Ziff Davis by 1.4% during the third quarter. Arizona State Retirement System now owns 13,463 shares of the technology company’s stock valued at $857,000 after buying an additional 182 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Ziff Davis by 11.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,930 shares of the technology company’s stock valued at $132,000 after buying an additional 191 shares during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

About Ziff Davis

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Ziff Davis, Inc provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

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Analyst Recommendations for Ziff Davis (NASDAQ:ZD)

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