Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) CFO Bret Richter sold 18,000 shares of Ziff Davis stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total transaction of $843,840.00. Following the sale, the chief financial officer owned 29,244 shares of the company's stock, valued at approximately $1,370,958.72. This represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Ziff Davis Stock Down 0.1%
Shares of NASDAQ:ZD opened at $45.74 on Friday. Ziff Davis, Inc. has a one year low of $22.45 and a one year high of $50.55. The company has a 50 day moving average of $44.57 and a 200-day moving average of $39.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 40.48 and a beta of 1.12.
Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.26% and a return on equity of 12.17%. The company had revenue of $267.64 million during the quarter, compared to analysts' expectations of $264.32 million. During the same quarter in the previous year, the company earned $1.14 EPS. Ziff Davis's revenue was down 1.9% on a year-over-year basis. On average, sell-side analysts forecast that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Edgestream Partners L.P. bought a new position in Ziff Davis in the first quarter valued at approximately $3,489,000. Janus Henderson Group PLC lifted its stake 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 valued at $147,963,000 after buying an additional 92,496 shares in the last quarter. Amundi lifted its stake in Ziff Davis by 4.1% in the first quarter. Amundi now owns 119,364 shares of the technology company's stock valued at $5,009,000 after buying an additional 4,678 shares in the last quarter. California State Teachers Retirement System lifted its stake in Ziff Davis by 20.9% in the first quarter. California State Teachers Retirement System now owns 46,368 shares of the technology company's stock valued at $1,946,000 after buying an additional 8,008 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Ziff Davis by 35.2% in the first quarter. Quantinno Capital Management LP now owns 37,927 shares of the technology company's stock valued at $1,591,000 after buying an additional 9,866 shares in the last quarter. Institutional investors own 99.76% of the company's stock.
Analyst Ratings Changes
ZD has been the subject of several analyst reports. Piper Sandler set a $48.00 price target on shares of Ziff Davis in a research report on Monday, May 11th. Evercore reiterated an "outperform" rating and set a $61.00 price target on shares of Ziff Davis in a research report on Tuesday, May 12th. Barclays lifted their price objective 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 reduced 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. Finally, Susquehanna lifted 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. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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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