Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.62 and last traded at $38.10, with a volume of 18252 shares trading hands. The stock had previously closed at $38.17.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on ZD shares. Barclays boosted their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $65.67.
Get Our Latest Research Report on Ziff Davis
Ziff Davis Stock Up 4.3 %
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 firm has a market capitalization of $1.75 billion, a P/E ratio of 34.62 and a beta of 1.42. The company has a 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $51.16.
Insider Activity
In other news, CFO Bret Richter bought 2,500 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 16,339 shares of the company's stock, valued at $640,652.19. The trade was a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Brian Kretzmer bought 653 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. The trade was a 5.30 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 5,028 shares of company stock worth $198,024. 2.08% of the stock is currently owned by insiders.
Institutional Trading of Ziff Davis
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its holdings in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock valued at $189,512,000 after buying an additional 272,895 shares during the period. Legal & General Group Plc raised its holdings in Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after buying an additional 267,436 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ziff Davis by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock valued at $131,112,000 after buying an additional 118,979 shares during the period. CDAM UK Ltd increased its stake in Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock worth $81,122,000 after purchasing an additional 213,071 shares during the period. Finally, Geode Capital Management LLC increased its stake in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company's stock worth $62,040,000 after purchasing an additional 36,863 shares during the period. Hedge funds and other institutional investors 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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