Ziff Davis (NASDAQ:ZD - Get Free Report) had its price target reduced by research analysts at Susquehanna from $80.00 to $45.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "positive" rating on the technology company's stock. Susquehanna's target price suggests a potential upside of 38.08% from the company's previous close.
Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. UBS Group cut their price target on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Citigroup cut their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $49.67.
View Our Latest Report on Ziff Davis
Ziff Davis Stock Down 1.1%
ZD stock traded down $0.35 during mid-day trading on Monday, hitting $32.59. 690,592 shares of the company were exchanged, compared to its average volume of 521,088. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $1.37 billion, a P/E ratio of 27.62 and a beta of 1.57. The firm's 50 day simple moving average is $34.66 and its 200 day simple moving average is $46.66. Ziff Davis has a 1-year low of $29.15 and a 1-year high of $60.62.
Insider Buying and Selling
In other Ziff Davis news, CFO Bret Richter bought 2,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the purchase, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. The trade was a 18.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Brian Kretzmer purchased 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the acquisition, the director now owns 12,968 shares of the company's stock, valued at approximately $497,063.44. The trade was a 5.30% increase in their position. The disclosure for this purchase can be found here. Insiders bought 5,028 shares of company stock valued at $198,024 over the last quarter. 2.16% of the stock is owned by company insiders.
Institutional Trading of Ziff Davis
Several institutional investors have recently added to or reduced their stakes in ZD. Pacer Advisors Inc. lifted its stake in Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock valued at $68,861,000 after buying an additional 1,265,967 shares during the period. Nuveen LLC purchased a new stake in Ziff Davis in the 1st quarter valued at $25,381,000. Arrowstreet Capital Limited Partnership raised its position in Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock valued at $23,626,000 after buying an additional 342,207 shares during the last quarter. Janus Henderson Group PLC grew its stake in Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock valued at $189,512,000 after purchasing an additional 272,895 shares during the period. Finally, Legal & General Group Plc grew its stake in Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after purchasing an additional 267,436 shares during the period. 99.76% of the stock is currently owned by institutional investors.
About Ziff Davis
(
Get Free Report)
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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