Ziff Davis (NASDAQ:ZD) Shares Down 5.6%

Ziff Davis, Inc. (NASDAQ:ZD) shares traded down 5.6% during trading on Thursday . The company traded as low as $44.50 and last traded at $44.50. 178,671 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 432,350 shares. The stock had previously closed at $47.14.

Analyst Ratings Changes

ZD has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Citigroup reduced their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barclays cut their target price on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.50.

Ziff Davis Stock Down 7.2 %

The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $46.65 and its 200 day simple moving average is $52.09. The firm has a market capitalization of $2.02 billion, a PE ratio of 36.49 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. Ziff Davis’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. Analysts anticipate that Ziff Davis, Inc. will post 6.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ziff Davis

A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its position in Ziff Davis by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after purchasing an additional 10,303 shares during the period. Dimensional Fund Advisors LP grew its position in Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after purchasing an additional 257,056 shares during the period. Rice Hall James & Associates LLC grew its position in Ziff Davis by 9.4% in the 2nd quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock worth $24,872,000 after purchasing an additional 38,753 shares during the period. Retirement Systems of Alabama grew its position in Ziff Davis by 21.4% in the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after purchasing an additional 63,458 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock valued at $15,204,000 after acquiring an additional 228,257 shares during the period. 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.