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 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 changing hands. The stock had previously closed at $50.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wedbush boosted their target price 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 reissued an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, February 23rd. UBS Group reduced their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Evercore ISI boosted their target price on shares of Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Barclays boosted their target price on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.17.

Ziff Davis Stock Performance

The stock’s 50 day moving average price is $62.72 and its 200 day moving average price is $63.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. The company has a market capitalization of $2.38 billion, a P/E ratio of 62.93 and a beta of 1.19.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating 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 company had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. As a group, equities analysts expect that Ziff Davis, Inc. will post 6.23 EPS for the current year.

Insider Activity at Ziff Davis

In related news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $69.43, for a total transaction of $288,967.66. Following the transaction, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Zions Bancorporation N.A. purchased a new stake in shares of Ziff Davis in the first quarter valued at about $25,000. Fifth Third Bancorp lifted its holdings in shares of Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after buying an additional 378 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after buying an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Ziff Davis in the fourth quarter valued at approximately $34,000. Finally, Headinvest LLC purchased a new stake in Ziff Davis in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.