Ziff Davis (NASDAQ:ZD) Given New $52.00 Price Target at Citigroup

Ziff Davis (NASDAQ:ZD) had its price target lowered by Citigroup from $58.00 to $52.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other research analysts have also recently commented on the company. UBS Group reduced their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Barclays raised their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Stock Down 9.5 %

ZD opened at $42.99 on Wednesday. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.02. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 36.43 and a beta of 1.36. The business has a 50 day moving average of $53.29 and a 200-day moving average of $51.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZD. Pacer Advisors Inc. lifted its holdings in shares of Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after acquiring an additional 1,265,967 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ziff Davis by 369.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock valued at $23,626,000 after acquiring an additional 342,207 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after acquiring an additional 272,895 shares during the period. Legal & General Group Plc lifted its holdings in shares of Ziff Davis by 12.4% during the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock valued at $131,826,000 after acquiring an additional 267,436 shares during the period. Finally, CDAM UK Ltd lifted its holdings in shares of Ziff Davis by 16.6% during the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after acquiring an additional 213,071 shares during the period. 99.76% of the stock is 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.