Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $30.56 and last traded at $30.77, with a volume of 270847 shares changing hands. The stock had previously closed at $31.40.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Citigroup decreased their price objective on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, UBS Group lowered their price target on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ziff Davis currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.67.
View Our Latest Report on ZD
Ziff Davis Trading Up 1.5 %
The business has a 50-day moving average price of $39.83 and a two-hundred day moving average price of $48.55. The company has a market cap of $1.33 billion, a P/E ratio of 26.23 and a beta of 1.47. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.
Insider Activity
In other news, CFO Bret Richter acquired 2,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the acquisition, the chief financial officer now directly owns 16,339 shares in the company, valued at $640,652.19. The trade was a 18.06 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Brian Kretzmer purchased 653 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $38.33 per share, with a total value of $25,029.49. Following the purchase, the director now owns 12,968 shares in the company, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 5,028 shares of company stock valued at $198,024 over the last three months. Insiders own 2.16% of the company's stock.
Hedge Funds Weigh In On Ziff Davis
A number of hedge funds and other institutional investors have recently made changes to their positions in ZD. Janney Montgomery Scott LLC purchased a new stake in shares of Ziff Davis during the 1st quarter valued at about $736,000. Exchange Traded Concepts LLC lifted its position in Ziff Davis by 2.4% in the first quarter. Exchange Traded Concepts LLC now owns 58,032 shares of the technology company's stock worth $2,181,000 after buying an additional 1,386 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised 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 buying an additional 14,846 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Ziff Davis by 37.5% in the 1st quarter. Handelsbanken Fonder AB now owns 16,516 shares of the technology company's stock valued at $621,000 after purchasing an additional 4,500 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after purchasing an additional 426 shares during the last quarter. Institutional investors own 99.76% of the company's stock.
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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