Ziff Davis (NASDAQ:ZD) Sets New 1-Year Low at $50.15

Shares of Ziff Davis, Inc. (NASDAQ:ZD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.15 and last traded at $50.18, with a volume of 6063 shares. The stock had previously closed at $50.23.

Wall Street Analysts Forecast Growth

ZD has been the subject of several analyst reports. Wedbush raised their price objective on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, February 23rd. Evercore ISI raised their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. UBS Group lowered their price target on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Finally, Barclays upped their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus target price of $81.17.

Ziff Davis Stock Up 0.8 %

The stock has a market capitalization of $2.34 billion, a P/E ratio of 61.26 and a beta of 1.19. The company’s 50-day moving average price is $63.35 and its 200 day moving average price is $64.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The business had revenue of $389.89 million during the quarter, compared to analysts’ expectations of $400.71 million. As a group, equities analysts expect that Ziff Davis, Inc. will post 6.23 earnings per share for the current year.

Insider Activity at Ziff Davis

In other news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the sale, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.08% of the stock is currently owned by company insiders.

Institutional Trading of Ziff Davis

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in Ziff Davis in the 1st quarter valued at about $25,000. Fifth Third Bancorp raised its holdings in Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock valued at $31,000 after acquiring an additional 378 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Ziff Davis during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after acquiring an additional 402 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its stake in Ziff Davis by 340.1% in the third quarter. Ronald Blue Trust Inc. now owns 647 shares of the technology company’s stock valued at $45,000 after purchasing an additional 500 shares during the last quarter. 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.