UBS Group Cuts Ziff Davis (NASDAQ:ZD) Price Target to $30.00

Ziff Davis (NASDAQ:ZD) had its target price trimmed by UBS Group from $38.00 to $30.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on ZD. Evercore reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of Ziff Davis in a research note on Tuesday. Barclays lowered their target price on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ziff Davis in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.38.

Ziff Davis Stock Down 2.1%

Shares of ZD opened at $27.08 on Wednesday. Ziff Davis has a one year low of $22.45 and a one year high of $43.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.61. The business’s 50 day simple moving average is $34.41 and its 200-day simple moving average is $35.30. The company has a market capitalization of $1.02 billion, a P/E ratio of 24.62 and a beta of 1.46.

Hedge Funds Weigh In On Ziff Davis

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in Ziff Davis during the 4th quarter worth approximately $25,000. Hantz Financial Services Inc. increased its holdings in shares of Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after acquiring an additional 590 shares in the last quarter. NBC Securities Inc. raised its position in shares of Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after purchasing an additional 611 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in Ziff Davis in the 3rd quarter valued at $35,000. 99.76% of the stock is owned by institutional investors and hedge funds.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.