Ziff Davis (NASDAQ:ZD) Hits New 1-Year Low at $50.15

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.15 and last traded at $50.18, with a volume of 6063 shares. The stock had previously closed at $50.23.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ZD shares. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, February 23rd. Wedbush raised their target price on Ziff Davis from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. UBS Group reduced their target price on Ziff Davis from $77.00 to $76.00 and set a "neutral" rating for the company in a research report on Tuesday, March 5th. Evercore ISI lifted their price objective on Ziff Davis from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Finally, Barclays lifted their price objective on Ziff Davis from $66.00 to $68.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.17.

Ziff Davis Price Performance

The stock has a market cap of $2.34 billion, a P/E ratio of 61.84 and a beta of 1.19. The company has a 50 day simple moving average of $63.03 and a 200 day simple moving average of $64.06. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating 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 firm had revenue of $389.89 million for the quarter, compared to analysts' expectations of $400.71 million. Sell-side analysts forecast that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction, the executive vice president now directly owns 7,261 shares of the company's stock, valued at approximately $504,131.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.08% of the stock is owned by insiders.

Institutional Trading of Ziff Davis

Several large investors have recently modified their holdings of ZD. Zions Bancorporation N.A. bought a new stake in shares of Ziff Davis in the first quarter valued at $25,000. Fifth Third Bancorp grew its position in shares of 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 purchasing an additional 378 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Ziff Davis in the fourth quarter valued at $34,000. Finally, Headinvest LLC purchased a new position in shares of Ziff Davis in the third quarter valued at $44,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Company Profile

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.