Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $57.87 and last traded at $57.95, with a volume of 244559 shares. The stock had previously closed at $59.01.
Analyst Ratings Changes
Several equities analysts have recently weighed in on ZD shares. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, February 23rd. Barclays boosted their target price on Ziff Davis from $66.00 to $68.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Wedbush boosted their target price on Ziff Davis from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Evercore ISI upped their price objective on Ziff Davis from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Finally, UBS Group cut their price objective on Ziff Davis from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ziff Davis presently has a consensus rating of "Moderate Buy" and an average price target of $81.17.
View Our Latest Stock Analysis on ZD
Ziff Davis Stock Down 1.8 %
The firm has a market capitalization of $2.67 billion, a PE ratio of 70.67 and a beta of 1.19. The company has a fifty day simple moving average of $65.57 and a two-hundred day simple moving average of $64.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76.
Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.02. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. The business had revenue of $389.89 million during the quarter, compared to analysts' expectations of $400.71 million. Analysts forecast that Ziff Davis, Inc. will post 6.23 EPS for the current fiscal year.
Insiders Place Their Bets
In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the sale, the executive vice president now directly owns 7,261 shares in the company, valued at approximately $504,131.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.08% of the company's stock.
Institutional Investors Weigh In On Ziff Davis
A number of hedge funds have recently made changes to their positions in the stock. Zions Bancorporation N.A. purchased a new stake in Ziff Davis in the first quarter valued at about $25,000. Fifth Third Bancorp raised its stake in Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company's stock valued at $31,000 after buying an additional 378 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company's stock valued at $34,000 after buying an additional 402 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Ziff Davis in the fourth quarter valued at about $34,000. Finally, Headinvest LLC purchased a new stake in Ziff Davis in the third quarter valued at about $44,000. 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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