Insider Selling: Ziff Davis (NASDAQ:ZD) CFO Sells 18,000 Shares of Stock
by Teresa Graham · The Cerbat GemZiff Davis, Inc. (NASDAQ:ZD – Get Free Report) CFO Bret Richter sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the transaction, the chief financial officer owned 29,244 shares of the company’s stock, valued at approximately $1,370,958.72. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ziff Davis Trading Down 0.1%
ZD traded down $0.06 during trading on Thursday, reaching $45.74. 431,182 shares of the stock traded hands, compared to its average volume of 846,401. The stock’s 50-day moving average is $44.49 and its 200 day moving average is $39.00. Ziff Davis, Inc. has a 12 month low of $22.45 and a 12 month high of $50.55. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.68 billion, a PE ratio of 40.48 and a beta of 1.12.
Ziff Davis (NASDAQ:ZD – Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $267.64 million for the quarter, compared to analyst estimates of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. Ziff Davis’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities analysts anticipate that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.
Hedge Funds Weigh In On Ziff Davis
Institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new position in Ziff Davis during the fourth quarter valued at about $25,000. NBC Securities Inc. lifted its stake in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares during the period. GAMMA Investing LLC increased its position in Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after buying an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares during the period. Institutional investors own 99.76% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ZD. Barclays increased their target price on shares of Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. UBS Group dropped their price objective on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Susquehanna raised their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada lifted their price target on Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.25.
View Our Latest Report on Ziff Davis
About Ziff Davis
Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.
Founded in 1927 by William B.