Ziff Davis (NASDAQ:ZD) Reaches New 12-Month Low at $53.33

Ziff Davis, Inc. (NASDAQ:ZD)’s stock price hit a new 52-week low on Friday . The company traded as low as $53.33 and last traded at $53.39, with a volume of 6335 shares. The stock had previously closed at $53.80.

Analyst Upgrades and Downgrades

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

Ziff Davis Stock Performance

The firm has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $64.41. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 65.59 and a beta of 1.19.

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

Insider Activity

In other news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the sale, the executive vice president now directly owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.08% of the company’s stock.

Institutional Investors Weigh In On Ziff Davis

Large investors have recently bought and sold shares of the business. Zions Bancorporation N.A. bought a new stake in Ziff Davis during the 1st quarter worth approximately $25,000. Fifth Third Bancorp grew its position in Ziff Davis by 337.5% during the 3rd quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after acquiring an additional 378 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Ziff Davis in the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC increased its stake in shares of Ziff Davis by 362.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after buying an additional 402 shares during the period. Finally, Ronald Blue Trust Inc. increased its stake in shares of Ziff Davis by 340.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 647 shares of the technology company’s stock valued at $45,000 after buying an additional 500 shares during the period. 99.76% of the stock is currently owned by institutional investors.

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.