JPMorgan Chase & Co. Cuts Ziff Davis (NASDAQ:ZD) Price Target to $35.00

Ziff Davis (NASDAQ:ZD) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $40.00 to $35.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 29.50% from the stock’s previous close.

ZD has been the subject of a number of other reports. Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays decreased their target price on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Evercore restated an “outperform” rating and set a $46.00 price target on shares of Ziff Davis in a research report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Ziff Davis in a report on Tuesday. Finally, UBS Group decreased their price objective on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Three equities research 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. Based on data from MarketBeat.com, Ziff Davis presently has a consensus rating of “Hold” and an average price target of $39.13.

Ziff Davis Stock Performance

NASDAQ:ZD traded up $0.52 during mid-day trading on Wednesday, hitting $27.03. The company’s stock had a trading volume of 1,035,492 shares, compared to its average volume of 679,480. The business’s fifty day moving average is $34.92 and its two-hundred day moving average is $35.46. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 24.59 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. Ziff Davis has a 1 year low of $22.45 and a 1 year high of $47.53.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis in the fourth quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after purchasing an additional 617 shares in the last quarter. NBC Securities Inc. boosted its stake in Ziff Davis by 121.3% during the 4th 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 last quarter. Hantz Financial Services Inc. grew 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 worth $31,000 after buying an additional 590 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after buying an additional 611 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.