Ziff Davis (NASDAQ:ZD) Stock Price Down 7% - Should You Sell?

Key Points

• Down ~7%: Ziff Davis shares plunged about 7% in mid-day trading to $39.37 (from $42.32) on light volume — 365,153 shares, roughly 66% below average session volume.
• Analyst mix; consensus "Hold": Analysts are divided but the MarketBeat consensus is a "Hold" with a $41.13 average price target (three Buys, five Holds, one Sell), while recent notable moves include UBS cutting its target to $30 and Barclays raising its target to $45.
• Large institutional ownership: The company has a $1.5 billion market cap and a P/E of 36.2, trades above its 50- and 200-day moving averages, and is 99.76% institutionally owned with several big funds recently increasing stakes.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report)'s stock price traded down 7% during mid-day trading on Monday . The company traded as low as $38.70 and last traded at $39.37. 365,153 shares changed hands during trading, a decline of 66% from the average session volume of 1,072,400 shares. The stock had previously closed at $42.32.

Analysts Set New Price Targets

Several research firms recently commented on ZD. Zacks Research upgraded Ziff Davis from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. UBS Group lowered their target price on shares of Ziff Davis from $38.00 to $30.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. Barclays raised their price target on shares of Ziff Davis from $34.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, March 4th. Wall Street Zen cut shares of Ziff Davis from a "buy" rating to a "hold" rating in a report on Saturday, November 15th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $40.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Ziff Davis presently has an average rating of "Hold" and a consensus price target of $41.13.

Ziff Davis Stock Performance

The company has a market cap of $1.50 billion, a P/E ratio of 36.20 and a beta of 1.50. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $34.84 and a two-hundred day simple moving average of $35.40.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its position in shares of Ziff Davis by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company's stock valued at $80,794,000 after acquiring an additional 221,445 shares during the period. Geode Capital Management LLC lifted its position in Ziff Davis by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company's stock valued at $32,730,000 after purchasing an additional 18,577 shares in the last quarter. LSV Asset Management lifted its position in Ziff Davis by 17.5% during the fourth quarter. LSV Asset Management now owns 907,721 shares of the technology company's stock valued at $31,906,000 after purchasing an additional 135,021 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Ziff Davis by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company's stock valued at $30,249,000 after purchasing an additional 82,761 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Ziff Davis by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company's stock worth $29,354,000 after buying an additional 44,923 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis's flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.

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