Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $53.33 and last traded at $53.39, with a volume of 6335 shares changing hands. The stock had previously closed at $53.80.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price objective on shares of Ziff Davis in a report on Friday, February 23rd. UBS Group dropped their price objective on shares of Ziff Davis from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Tuesday, March 5th. Wedbush upped their price objective on shares of Ziff Davis from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Barclays upped their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. Finally, Evercore ISI upped their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.17.
View Our Latest Report on ZD
Ziff Davis Stock Down 0.0 %
The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 65.61 and a beta of 1.19. The stock's fifty day moving average is $64.52 and its two-hundred day moving average is $64.50.
Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The business had revenue of $389.89 million during the quarter, compared to the consensus estimate of $400.71 million. Sell-side analysts predict that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Jeremy Rossen sold 4,162 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $69.43, for a total transaction of $288,967.66. Following the completion of the transaction, the executive vice president now directly owns 7,261 shares of the company's stock, valued at approximately $504,131.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.08% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Ziff Davis in the 1st quarter worth approximately $507,186,000. Vanguard Group Inc. purchased a new stake in Ziff Davis in the 1st quarter worth approximately $423,655,000. State Street Corp purchased a new stake in Ziff Davis in the 1st quarter worth approximately $143,604,000. Wellington Management Group LLP purchased a new stake in Ziff Davis in the 1st quarter worth approximately $142,930,000. Finally, Thrivent Financial for Lutherans lifted its stake in Ziff Davis by 10,147.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,288,124 shares of the technology company's stock worth $100,538,000 after purchasing an additional 1,275,554 shares in the last quarter. 99.76% of the stock is owned by institutional investors.
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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