Ziff Davis (NASDAQ:ZD) Trading Down 7% – Time to Sell?

Shares of Ziff Davis, Inc. (NASDAQ:ZD) fell 7% on Monday . The company traded as low as $38.70 and last traded at $39.37. 365,153 shares traded hands during trading, a decline of 66% from the average session volume of 1,072,400 shares. The stock had previously closed at $42.32.

Analyst Ratings Changes

ZD has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 price objective on shares of Ziff Davis in a research note on Tuesday, February 24th. Evercore reaffirmed an “outperform” rating and set a $46.00 price target on shares of Ziff Davis in a report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price target on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Citigroup increased their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Barclays lifted their target price on shares of Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.13.

Ziff Davis Price Performance

The firm has a 50 day moving average of $34.84 and a 200-day moving average of $35.40. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.50 billion, a P/E ratio of 36.20 and a beta of 1.50.

Institutional Investors Weigh In On Ziff Davis

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Ziff Davis by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock valued at $6,037,000 after acquiring an additional 3,696 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Ziff Davis by 106.5% in the second quarter. Envestnet Asset Management Inc. now owns 27,780 shares of the technology company’s stock worth $841,000 after purchasing an additional 14,330 shares during the last quarter. Atria Investments Inc raised its stake in Ziff Davis by 17.8% during the second quarter. Atria Investments Inc now owns 13,860 shares of the technology company’s stock valued at $420,000 after purchasing an additional 2,096 shares in the last quarter. Bank of Montreal Can raised its stake in Ziff Davis by 84.4% during the second quarter. Bank of Montreal Can now owns 12,472 shares of the technology company’s stock valued at $378,000 after purchasing an additional 5,709 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Ziff Davis by 149.8% during the second 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 during the last quarter. Institutional investors own 99.76% of the company’s stock.

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.