Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $29.54 and last traded at $30.95, with a volume of 847299 shares trading hands. The stock had previously closed at $30.48.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup cut their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.
Read Our Latest Analysis on Ziff Davis
Ziff Davis Trading Up 1.5 %
The stock has a 50 day simple moving average of $39.83 and a 200-day simple moving average of $48.55. The firm has a market cap of $1.33 billion, a P/E ratio of 26.23 and a beta of 1.47. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.
Insider Buying and Selling at Ziff Davis
In other news, CFO Bret Richter acquired 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the acquisition, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. The trade was a 18.06 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sarah Ann Fay bought 1,282 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now owns 18,655 shares in the company, valued at $727,545. This represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 5,028 shares of company stock valued at $198,024 in the last three months. Company insiders own 2.16% of the company's stock.
Institutional Investors Weigh In On Ziff Davis
Hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis during the 4th quarter valued at $35,000. Quadrant Capital Group LLC grew its stake in shares of Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after acquiring an additional 488 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Ziff Davis during the fourth quarter valued at about $37,000. GAMMA Investing LLC boosted its stake in Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after purchasing an additional 426 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Ziff Davis during the 3rd quarter valued at approximately $37,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
Ziff Davis Company Profile
(
Get Free Report)
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.
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