Key Points
- Ziff Davis EVP Jeremy Rossen sold 3,819 shares at an average price of $54.93, generating approximately $209,778 and reducing his ownership by 26.41% to 10,643 shares.
- Ziff Davis recently beat quarterly EPS estimates, reporting $1.03 versus the $0.81 consensus, but revenue fell 18.7% year over year to $286.74 million.
- Analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $53, while several firms raised their targets, including Susquehanna to $75 and RBC to $65.
Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) EVP Jeremy Rossen sold 3,819 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $54.93, for a total transaction of $209,777.67. Following the completion of the transaction, the executive vice president owned 10,643 shares in the company, valued at $584,619.99. This represents a 26.41% 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.
Jeremy Rossen also recently made the following trade(s):
- On Friday, June 5th, Jeremy Rossen sold 8,000 shares of Ziff Davis stock. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00.
- On Thursday, May 28th, Jeremy Rossen sold 4,347 shares of Ziff Davis stock. The shares were sold at an average price of $45.75, for a total value of $198,875.25.
Ziff Davis Stock Down 1.5%
Shares of NASDAQ:ZD opened at $53.49 on Wednesday. The business's 50 day moving average is $50.55 and its 200 day moving average is $43.93. The stock has a market cap of $1.83 billion, a P/E ratio of 3.03 and a beta of 1.08. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $58.06. The company has a quick ratio of 1.66, a current ratio of 2.16 and a debt-to-equity ratio of 0.32.
Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The business had revenue of $286.74 million during the quarter, compared to analyst estimates of $286.10 million. During the same period in the previous year, the company posted $1.24 EPS. Ziff Davis's revenue was down 18.7% on a year-over-year basis.
Institutional Investors Weigh In On Ziff Davis
A number of institutional investors have recently added to or reduced their stakes in ZD. Janus Henderson Group PLC grew 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 purchasing an additional 92,496 shares during the last quarter. Pale Fire Capital SE lifted its position in shares of Ziff Davis by 130.0% during the first 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 during 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 boosted its holdings 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 valued at $31,906,000 after buying an additional 135,021 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Ziff Davis by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company's stock valued at $30,249,000 after acquiring an additional 82,761 shares during the last quarter. Institutional investors own 99.76% of the company's stock.
Analyst Ratings Changes
ZD has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of Ziff Davis from $48.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday. Weiss Ratings raised shares of Ziff Davis from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, June 1st. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research note on Monday, May 11th. Susquehanna lifted their price objective on shares of Ziff Davis from $60.00 to $75.00 and gave the company a "positive" rating in a report on Monday. Finally, Citigroup boosted their price objective on shares of Ziff Davis from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $53.00.
View Our Latest Stock Report on Ziff Davis
Ziff Davis Company Profile
(
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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