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

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZD. 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. Barclays lifted their price target on Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. UBS Group lowered their price objective 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. Wedbush lifted 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research note 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.17.

Ziff Davis Trading Up 0.8 %

The firm has a market cap of $2.34 billion, a PE ratio of 61.26 and a beta of 1.19. The firm has a 50 day moving average of $63.35 and a 200 day moving average of $64.15. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share (EPS) 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 company had revenue of $389.89 million for the quarter, compared to the consensus estimate of $400.71 million. Equities analysts anticipate that Ziff Davis, Inc. will post 6.23 earnings per share for the current year.

Insider Activity at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of Ziff Davis stock in a transaction that occurred on 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 directly owns 7,261 shares of the company’s stock, valued at approximately $504,131.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC purchased a new stake in Ziff Davis in the 1st quarter worth about $63,717,000. Raymond James & Associates acquired a new stake in shares of Ziff Davis during the first quarter worth $3,469,000. US Bancorp DE acquired a new position in Ziff Davis during the first quarter valued at $539,000. HighTower Advisors LLC acquired a new position in Ziff Davis during the first quarter valued at $241,000. Finally, Citigroup Inc. purchased a new position in Ziff Davis in the first quarter valued at $707,000. Hedge funds and other institutional investors 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.