Ziff Davis (NASDAQ:ZD) Hits New 1-Year Low at $50.04

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $50.04 and last traded at $50.46, with a volume of 16879 shares traded. The stock had previously closed at $50.95.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZD shares. Wedbush upped their price objective 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 decreased their price objective on Ziff Davis from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Tuesday, March 5th. Evercore ISI boosted their price objective on Ziff Davis from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Barclays raised their target price 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, Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Ziff Davis in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.17.

Ziff Davis Trading Down 1.6 %

The business's 50-day moving average price is $60.90 and its 200-day moving average price is $63.56. The firm has a market capitalization of $2.31 billion, a PE ratio of 61.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.76 and a quick ratio of 2.76.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced 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. The business had revenue of $389.89 million during the quarter, compared to the consensus estimate of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. As a group, analysts expect that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

Insider Transactions at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the transaction, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.33% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZD. Retirement Systems of Alabama raised its holdings in Ziff Davis by 63.6% during the first quarter. Retirement Systems of Alabama now owns 296,572 shares of the technology company's stock worth $18,696,000 after purchasing an additional 115,258 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Ziff Davis by 126.5% in the first quarter. Assenagon Asset Management S.A. now owns 104,571 shares of the technology company's stock valued at $6,592,000 after buying an additional 58,400 shares in the last quarter. Bfsg LLC acquired a new position in shares of Ziff Davis during the 1st quarter worth $49,000. Louisiana State Employees Retirement System boosted its position in shares of Ziff Davis by 2.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the technology company's stock worth $832,000 after buying an additional 300 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in Ziff Davis in the 1st quarter valued at about $804,000. 99.76% of the stock is currently 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.