Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $29.54 and last traded at $30.95, with a volume of 847299 shares changing hands. The stock had previously closed at $30.48.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on ZD shares. UBS Group reduced their price target on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Citigroup reduced their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $58.33.
Check Out Our Latest Report on ZD
Ziff Davis Stock Down 0.4 %
The company has a market cap of $1.33 billion, a price-to-earnings ratio of 26.23 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50-day moving average price of $38.02 and a 200 day moving average price of $48.15.
Insider Buying and Selling at Ziff Davis
In related news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the transaction, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. This represents a 18.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Ann Fay acquired 1,282 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38 % 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 ninety days. 2.16% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Ziff Davis
A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Ziff Davis by 50.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company's stock valued at $20,314,000 after purchasing an additional 181,234 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its stake in Ziff Davis by 9.6% in the first quarter. Hunter Perkins Capital Management LLC now owns 16,275 shares of the technology company's stock valued at $612,000 after buying an additional 1,420 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Ziff Davis in the first quarter valued at about $736,000. Exchange Traded Concepts LLC raised its stake in Ziff Davis by 2.4% during the first quarter. Exchange Traded Concepts LLC now owns 58,032 shares of the technology company's stock worth $2,181,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Ziff Davis by 4.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 365,450 shares of the technology company's stock worth $13,734,000 after acquiring an additional 14,846 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
Before you consider Ziff Davis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ziff Davis wasn't on the list.
While Ziff Davis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
