Ziff Davis (NASDAQ:ZD) Reaches New 12-Month Low – Time to Sell?

Ziff Davis, Inc. (NASDAQ:ZD) shares hit 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 traded. The stock had previously closed at $31.40.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZD. UBS Group reduced their target price 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. JPMorgan Chase & Co. dropped their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Ziff Davis presently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 26.33 and a beta of 1.47. The stock’s 50 day moving average is $41.63 and its two-hundred day moving average is $48.97.

Insiders Place Their Bets

In other news, CFO Bret Richter bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the transaction, the chief financial officer now owns 16,339 shares of the company’s stock, valued at $640,652.19. This represents a 18.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Brian Kretzmer acquired 653 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the purchase, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 5,028 shares of company stock worth $198,024. 2.08% of the stock is owned by corporate insiders.

Institutional Trading of Ziff Davis

Several institutional investors have recently added to or reduced their stakes in ZD. Millstone Evans Group LLC bought a new stake in Ziff Davis during the 4th quarter valued at $35,000. Quadrant Capital Group LLC boosted its position in Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after acquiring an additional 488 shares during the period. Summit Securities Group LLC acquired a new position in shares of Ziff Davis in the fourth quarter worth $37,000. GAMMA Investing LLC lifted its stake in shares of Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock valued at $27,000 after purchasing an additional 426 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Ziff Davis in the 3rd quarter worth approximately $37,000. Institutional investors 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.