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

Ziff Davis (NASDAQ:ZD - Get Free Report) had its target price dropped by analysts at Susquehanna from $80.00 to $45.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "positive" rating on the technology company's stock. Susquehanna's price target points to a potential upside of 34.75% from the stock's previous close.

Several other research analysts also recently weighed in on ZD. Citigroup dropped their price target 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. UBS Group cut 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. Finally, JPMorgan Chase & Co. downgraded Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Ziff Davis currently has a consensus rating of "Hold" and an average price target of $49.67.

Ziff Davis Stock Performance

Shares of Ziff Davis stock traded down $0.06 during trading hours on Monday, reaching $33.39. 63,613 shares of the stock traded hands, compared to its average volume of 515,962. Ziff Davis has a one year low of $29.15 and a one year high of $60.62. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.29 and a beta of 1.57. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $34.94 and a 200 day moving average price of $46.86.

Insider Activity

In other news, Director Sarah Ann Fay purchased 1,282 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $39.00 per share, with a total value of $49,998.00. Following the purchase, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the transaction, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. This trade represents a 18.06% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 5,028 shares of company stock valued at $198,024. Company insiders own 2.16% of the company's stock.

Hedge Funds Weigh In On Ziff Davis

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. acquired a new position in Ziff Davis during the 3rd quarter worth about $986,000. Principal Financial Group Inc. raised its stake in shares of Ziff Davis by 36.4% in the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after acquiring an additional 56,352 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Ziff Davis by 170.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock worth $14,115,000 after purchasing an additional 163,708 shares in the last quarter. Brave Asset Management Inc. raised its position in Ziff Davis by 3.9% in the 4th quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company's stock valued at $19,754,000 after purchasing an additional 13,659 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Ziff Davis by 19.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company's stock valued at $19,052,000 after buying an additional 57,830 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Company Profile

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.