Ziff Davis (NASDAQ:ZD) Hits New 1-Year Low - Here's Why

Key Points

• Ziff Davis, Inc. has reached a new **52-week low** of $28.85 during trading, closing at $29.06 with a significant drop from a previous close of $31.12.
• Several analysts have downgraded Ziff Davis, with price targets now ranging from **$33.00 to $40.00**, and a consensus rating of **"Hold"** among analysts.
• **Institutional investors** own nearly 100% of Ziff Davis' stock, indicating strong backing but also potential concerns about shareholder sentiment given the recent stock performance.

Shares of Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $28.85 and last traded at $29.06, with a volume of 96898 shares. The stock had previously closed at $31.12.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ZD shares. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Susquehanna lowered their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Citigroup lowered their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Barclays lowered their price objective on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ziff Davis has an average rating of "Hold" and an average target price of $47.00.

Ziff Davis Stock Performance

The stock has a market cap of $1.25 billion, a PE ratio of 18.04 and a beta of 1.63. The stock has a fifty day simple moving average of $31.93 and a two-hundred day simple moving average of $37.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52.

Institutional Investors Weigh In On Ziff Davis

Several institutional investors and hedge funds have recently made changes to their positions in ZD. Quadrant Capital Group LLC boosted its stake in Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after buying an additional 488 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ziff Davis by 148.4% during the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after buying an additional 426 shares in the last quarter. State of Wyoming bought a new position in Ziff Davis during the first quarter valued at about $39,000. TD Private Client Wealth LLC bought a new position in Ziff Davis during the second quarter valued at about $37,000. Finally, Sterling Capital Management LLC boosted its stake in Ziff Davis by 786.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company's stock valued at $76,000 after buying an additional 1,234 shares in the last quarter. 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.