Ziff Davis Inc (NASDAQ: ZD) is -21.18% lower on its value in year-to-date trading and has touched a low of $37.76 and a high of $70.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZD stock was last observed hovering at around $52.82 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $52.96, the stock is 10.58% and 13.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.27% at the moment leaves the stock -7.74% off its SMA200. ZD registered -20.83% loss for a year compared to 6-month loss of -16.55%.
The stock witnessed a 17.95% gain in the last 1 month and extending the period to 3 months gives it a -1.16%, and is 10.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.46% over the week and 3.18% over the month.
Ziff Davis Inc (ZD) has around 4200 employees, a market worth around $2.37B and $1.37B in sales. Current P/E ratio is 33.67 and Fwd P/E is 7.28. Profit margin for the company is 5.85%. Distance from 52-week low is 40.25% and -25.30% from its 52-week high. The company has generated returns on investments over the last 12 months (2.78%).
The EPS is expected to grow by 7.10% this year
363.0 institutions hold shares in Ziff Davis Inc (ZD), with institutional investors hold 106.62% of the company’s shares. The shares outstanding are 46.08M, and float is at 43.93M with Short Float at 5.27%. Institutions hold 103.64% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.72 million shares valued at $314.63 million. The investor’s holdings represent 12.4626 of the ZD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.8 million shares valued at $264.31 million to account for 10.4696 of the shares outstanding. The other top investors are ARROWMARK COLORADO HOLDINGS LLC which holds 3.65 million shares representing 7.9639 and valued at over $201.06 million, while JANUS HENDERSON GROUP PLC holds 6.8738 of the shares totaling 3.15 million with a market value of $173.54 million.
Ziff Davis Inc (ZD) Insider Activity
The most recent transaction is an insider purchase by Harris Teresa A, the company’s Director. SEC filings show that Harris Teresa A bought 1,000 shares of the company’s common stock on Aug 27 ’24 at a price of $46.76 per share for a total of $46760.0. Following the purchase, the insider now owns 11153.0 shares.
Ziff Davis Inc disclosed in a document filed with the SEC on Feb 29 ’24 that ROSSEN JEREMY (EVP/General Counsel) sold a total of 4,162 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $69.43 per share for $0.29 million. Following the transaction, the insider now directly holds 7261.0 shares of the ZD stock.
