Ziff Davis (NASDAQ:ZD) Hits New 1-Year Low – Should You Sell?

Shares of Ziff Davis, Inc. (NASDAQ:ZD) reached a new 52-week low during trading on Monday . The stock traded as low as $36.82 and last traded at $37.28, with a volume of 20450 shares trading hands. The stock had previously closed at $38.15.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group lowered their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $47.20 and a 200 day moving average of $50.53. The stock has a market capitalization of $1.60 billion, a P/E ratio of 31.69 and a beta of 1.42.

Insider Buying and Selling

In other news, Director W Brian Kretzmer bought 653 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now directly owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sarah Ann Fay bought 1,282 shares of Ziff Davis stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares in the company, valued at $727,545. This represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 5,028 shares of company stock valued at $198,024 over the last quarter. Corporate insiders own 2.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ziff Davis by 0.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock worth $1,365,000 after acquiring an additional 216 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares during the period. First Horizon Advisors Inc. increased its stake in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares in the last quarter. Gotham Asset Management LLC raised its holdings in Ziff Davis by 3.6% during the 4th quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company’s stock worth $424,000 after buying an additional 271 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Ziff Davis by 278.9% in 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. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

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.