Ziff Davis (NASDAQ:ZD) Sets New 12-Month Low - Time to Sell?

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $30.56 and last traded at $30.77, with a volume of 270847 shares traded. The stock had previously closed at $31.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group lowered their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $65.67.

Ziff Davis Trading Down 1.9 %

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 25.83 and a beta of 1.47. The business has a fifty day simple moving average of $40.27 and a 200 day simple moving average of $48.62.

Insider Buying and Selling

In related news, Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now directly owns 18,655 shares of the company's stock, valued at $727,545. The trade was a 7.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.16% of the company's stock.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors have recently modified their holdings of ZD. 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 lifted its stake in shares of Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis during the 4th quarter worth about $37,000. GAMMA Investing LLC increased its position in Ziff Davis by 148.4% during 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 purchased a new position in Ziff Davis in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 99.76% of the company's stock.

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.