Ziff Davis (NASDAQ:ZD) Sets New 1-Year Low – What’s Next?

Ziff Davis, Inc. (NASDAQ:ZD) shares hit a new 52-week low during trading on Monday . The stock traded as low as $30.77 and last traded at $31.07, with a volume of 31433 shares traded. The stock had previously closed at $33.48.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ZD shares. Citigroup cut 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. JPMorgan Chase & Co. reduced 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. Finally, UBS Group dropped their price target 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. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Trading Down 3.9 %

The firm has a 50-day moving average of $45.43 and a two-hundred day moving average of $50.05. 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 $1.38 billion, a P/E ratio of 27.31 and a beta of 1.47.

Insider Activity at Ziff Davis

In other news, CFO Bret Richter acquired 2,500 shares of the firm’s stock in a transaction dated 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 directly owns 16,339 shares in the company, valued at $640,652.19. The trade was a 18.06 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 5,028 shares of company stock valued at $198,024 in the last 90 days. 2.08% of the stock is owned by corporate insiders.

Institutional Trading of Ziff Davis

Institutional investors have recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis in the fourth quarter valued at $35,000. Quadrant Capital Group LLC raised its holdings 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 acquiring an additional 488 shares in the last quarter. Summit Securities Group LLC bought a new stake in Ziff Davis during the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis in the third quarter worth $37,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after buying an additional 260 shares in the last quarter. Institutional investors 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.