Ziff Davis (NASDAQ:ZD) Cut to Hold at Wall Street Zen

Ziff Davis (NASDAQ:ZD - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on ZD. UBS Group set a $40.00 price objective on Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. Citigroup reduced their price target on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Susquehanna decreased their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and cut their target price for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Finally, Barclays reduced their target price on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $47.00.

Ziff Davis Stock Performance

ZD traded up $1.10 on Friday, hitting $33.15. 582,392 shares of the stock traded hands, compared to its average volume of 548,264. The business has a fifty day moving average price of $32.01 and a two-hundred day moving average price of $40.47. 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 firm has a market capitalization of $1.40 billion, a PE ratio of 20.09 and a beta of 1.58. Ziff Davis has a 52 week low of $29.15 and a 52 week high of $60.62.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ziff Davis by 0.9% during the 4th 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 during the last quarter. Gotham Asset Management LLC increased its holdings in Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock valued at $424,000 after purchasing an additional 271 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after buying an additional 426 shares during the period. Hsbc Holdings PLC boosted its holdings in Ziff Davis by 6.7% during the first quarter. Hsbc Holdings PLC now owns 7,447 shares of the technology company's stock worth $279,000 after buying an additional 468 shares during the last quarter. Finally, Quadrant Capital Group LLC grew 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 worth $36,000 after buying an additional 488 shares during the period. 99.76% of the stock is currently owned by institutional investors.

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.