Key Points
- Ziff Davis EVP Jeremy Rossen sold 4,347 shares on May 28 at an average price of $45.75, totaling about $198,875. After the sale, he still held 22,462 shares valued at roughly $1.03 million.
- The company recently posted mixed quarterly results, with earnings of $0.73 per share slightly beating estimates and revenue of $267.64 million also topping expectations, though revenue fell 1.9% year over year.
- Wall Street sentiment is cautious but stable, with analysts maintaining a consensus "Hold" rating and an average price target of $47.25, while institutional investors continue to own nearly all of the stock.
Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) EVP Jeremy Rossen sold 4,347 shares of Ziff Davis stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $45.75, for a total value of $198,875.25. Following the completion of the sale, the executive vice president owned 22,462 shares of the company's stock, valued at approximately $1,027,636.50. The trade was a 16.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Ziff Davis Stock Performance
Shares of ZD stock opened at $45.07 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $50.55. The stock has a 50 day simple moving average of $43.96 and a two-hundred day simple moving average of $38.08. The company has a market cap of $1.66 billion, a P/E ratio of 39.89 and a beta of 1.14.
Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The firm had revenue of $267.64 million during the quarter, compared to analysts' expectations of $264.32 million. During the same quarter last year, the firm posted $1.14 earnings per share. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts forecast that Ziff Davis, Inc. will post 4.26 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new position in Ziff Davis in the fourth quarter worth $25,000. NBC Securities Inc. boosted its position in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company's stock worth $31,000 after purchasing an additional 485 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company's stock worth $31,000 after purchasing an additional 590 shares during the last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company's stock worth $35,000 after purchasing an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ZD. Susquehanna raised their price objective on Ziff Davis from $45.00 to $60.00 and gave the company a "positive" rating in a research note on Tuesday, May 5th. Royal Bank Of Canada raised their price objective on Ziff Davis from $40.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, May 11th. Citigroup raised their price objective on Ziff Davis from $29.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, March 6th. Piper Sandler set a $48.00 price objective on Ziff Davis in a research note on Monday, May 11th. Finally, UBS Group reduced their price objective on Ziff Davis from $38.00 to $30.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $47.25.
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About Ziff Davis
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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.
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