Key Points
- Director Kirk Mcdonald sold 1,075 shares of Ziff Davis on June 8 at an average price of $46.65, totaling about $50,149. After the sale, he still held 13,468 shares.
- Ziff Davis stock rose 1.7% and opened at $46.60, near its 52-week high of $50.55. The company has a market value of about $1.72 billion.
- Recent earnings slightly beat expectations, with quarterly EPS of $0.73 versus the $0.72 consensus and revenue of $267.64 million. Analysts currently have a consensus rating of Hold with an average price target of $47.25.
Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) Director Kirk Mcdonald sold 1,075 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.65, for a total transaction of $50,148.75. Following the completion of the transaction, the director owned 13,468 shares in the company, valued at $628,282.20. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Ziff Davis Stock Up 1.7%
Shares of NASDAQ ZD opened at $46.60 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 41.24 and a beta of 1.13. The stock has a 50 day moving average price of $44.32 and a 200 day moving average price of $38.77. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $50.55.
Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The company had revenue of $267.64 million for the quarter, compared to the consensus estimate of $264.32 million. During the same period last year, the business posted $1.14 EPS. Ziff Davis's quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts expect that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.
Analysts Set New Price Targets
ZD has been the subject of a number of research reports. Susquehanna upped their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the stock a "positive" rating in a research note on Tuesday, May 5th. Evercore reissued an "outperform" rating and set a $61.00 target price on shares of Ziff Davis in a research report on Tuesday, May 12th. Citigroup upped their price target on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, March 6th. Zacks Research downgraded shares of Ziff Davis from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 6th. Finally, UBS Group cut their price objective on shares of Ziff Davis from $38.00 to $30.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $47.25.
View Our Latest Stock Report on Ziff Davis
Hedge Funds Weigh In On Ziff Davis
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZD. Janus Henderson Group PLC raised its holdings in Ziff Davis by 2.7% in the first quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company's stock worth $147,963,000 after purchasing an additional 92,496 shares in the last quarter. Pale Fire Capital SE boosted its holdings in shares of Ziff Davis by 130.0% in the 1st quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company's stock valued at $116,790,000 after buying an additional 1,573,414 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Ziff Davis by 689.6% in the 1st quarter. First Trust Advisors LP now owns 974,591 shares of the technology company's stock valued at $40,894,000 after buying an additional 851,163 shares in the last quarter. LSV Asset Management grew its position in shares of Ziff Davis by 17.5% in the 4th quarter. LSV Asset Management now owns 907,721 shares of the technology company's stock worth $31,906,000 after buying an additional 135,021 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Ziff Davis by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company's stock worth $30,249,000 after acquiring an additional 82,761 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.
About Ziff Davis
(
Get Free Report)
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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