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

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

Analyst Ratings Changes

Several equities analysts have recently commented on ZD shares. Evercore ISI raised their price target on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Wedbush raised their price target on Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Barclays raised their price target on Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, UBS Group cut their price target on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Ziff Davis has a consensus rating of “Moderate Buy” and an average price target of $81.17.

Ziff Davis Price Performance

The company has a market cap of $2.38 billion, a PE ratio of 62.93 and a beta of 1.19. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $62.72 and a 200-day simple moving average of $63.98.

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

Insider Transactions 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 stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the sale, the executive vice president now owns 7,261 shares in the company, valued at $504,131.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.08% of the company’s stock.

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Ziff Davis by 32.2% during the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after purchasing an additional 167 shares during the period. Cardinal Capital Management lifted its holdings in Ziff Davis by 0.9% in the fourth quarter. Cardinal Capital Management now owns 18,857 shares of the technology company’s stock valued at $1,267,000 after acquiring an additional 168 shares during the period. Citigroup Inc. lifted its holdings in Ziff Davis by 1.1% in the first quarter. Citigroup Inc. now owns 16,930 shares of the technology company’s stock valued at $1,321,000 after acquiring an additional 178 shares during the period. Arizona State Retirement System lifted its holdings in Ziff Davis by 1.4% in the third quarter. Arizona State Retirement System now owns 13,463 shares of the technology company’s stock valued at $857,000 after acquiring an additional 182 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Ziff Davis by 11.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,930 shares of the technology company’s stock valued at $132,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.