Ziff Davis (NASDAQ:ZD) Reaches New 52-Week Low – Time to Sell?

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

Analyst Ratings Changes

A number of brokerages recently issued reports on ZD. Citigroup lowered their price target 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. lowered their target price on shares of 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 cut their price target on shares of 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. According to MarketBeat.com, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Price Performance

The stock’s 50 day moving average price is $46.50 and its 200-day moving average price is $50.37. 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 stock has a market capitalization of $1.62 billion, a PE ratio of 31.99 and a beta of 1.42.

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter bought 2,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 16,339 shares in the company, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay purchased 1,282 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the transaction, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 5,028 shares of company stock valued at $198,024 in the last three months. Company insiders own 2.08% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. 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 fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis in the third quarter valued at about $37,000. Summit Securities Group LLC bought a new position in Ziff Davis in the fourth quarter worth about $37,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.