Ziff Davis (NASDAQ:ZD) Rating Lowered to "Hold" at Wall Street Zen

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

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

Ziff Davis Trading Down 0.9%

Shares of ZD stock opened at $32.26 on Friday. Ziff Davis has a 52-week low of $29.15 and a 52-week high of $60.62. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 19.55 and a beta of 1.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a fifty day moving average of $31.94 and a 200-day moving average of $40.90.

Institutional Trading of Ziff Davis

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ziff Davis by 0.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock worth $1,365,000 after purchasing an additional 216 shares during the period. Gotham Asset Management LLC boosted its position in Ziff Davis by 3.6% during the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock worth $424,000 after purchasing an additional 271 shares during the period. 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 worth $27,000 after purchasing an additional 426 shares during the period. Hsbc Holdings PLC boosted its position 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 purchasing an additional 468 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after purchasing an additional 488 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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