Ziff Davis (NASDAQ:ZD) Rating Lowered to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Ziff Davis (NASDAQ:ZD) from an overweight rating to a neutral rating in a research note released on Tuesday, MarketBeat Ratings reports. They currently have $33.00 price objective on the technology company’s stock, down from their previous price objective of $60.00.

A number of other analysts also recently weighed in on the stock. Citigroup reduced their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. UBS Group lowered their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis has a consensus rating of “Hold” and a consensus price target of $61.17.

Ziff Davis Trading Up 2.0 %

Shares of NASDAQ:ZD opened at $31.07 on Tuesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 26.33 and a beta of 1.47. The firm has a fifty day moving average of $38.46 and a two-hundred day moving average of $48.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 12-month low of $29.34 and a 12-month high of $60.62.

Insider Activity at Ziff Davis

In related news, Director W Brian Kretzmer bought 653 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the acquisition, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Ann Fay purchased 1,282 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares of the company’s stock, valued at approximately $727,545. This represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 5,028 shares of company stock worth $198,024. Corporate insiders own 2.16% of the company’s stock.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Ziff Davis by 148.4% during the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock valued at $27,000 after acquiring an additional 426 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Ziff Davis in the 4th quarter valued at about $35,000. Quadrant Capital Group LLC boosted its position in shares of Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Ziff Davis during the third quarter worth approximately $37,000. Finally, Summit Securities Group LLC bought a new stake in Ziff Davis in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds 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.