Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $36.82 and last traded at $37.28, with a volume of 20450 shares changing hands. The stock had previously closed at $38.15.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on ZD. JPMorgan Chase & Co. dropped their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Citigroup lowered their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ziff Davis presently has an average rating of "Moderate Buy" and a consensus price target of $65.67.
View Our Latest Research Report on Ziff Davis
Ziff Davis Price Performance
The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.42 billion, a PE ratio of 27.95 and a beta of 1.42. The company's 50 day moving average is $45.82 and its 200-day moving average is $50.19.
Insider Buying and Selling at Ziff Davis
In other news, Director W Brian Kretzmer acquired 653 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the purchase, the director now directly owns 12,968 shares of the company's stock, valued at $497,063.44. This represents a 5.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay acquired 1,282 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $39.00 per share, with a total value of $49,998.00. Following the acquisition, the director now owns 18,655 shares of the company's stock, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 5,028 shares of company stock worth $198,024 in the last 90 days. 2.08% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Ziff Davis
Several institutional investors and hedge funds have recently bought and sold shares of ZD. Millstone Evans Group LLC bought a new position in shares of Ziff Davis during the fourth quarter valued at approximately $35,000. Quadrant Capital Group LLC grew its stake in Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after buying an additional 488 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Ziff Davis in the fourth quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the third quarter valued at $37,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.
About Ziff Davis
(
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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