Key Points
- Ziff Davis CAO Lori Tansley sold 1,400 shares at an average price of $54.76, totaling $76,664. The transaction reduced her holdings by 64.61%, leaving her with 767 shares.
- Ziff Davis reported quarterly EPS of $1.03, exceeding estimates of $0.81, while revenue of $286.74 million was roughly in line with expectations. However, revenue declined 18.7% year over year.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $56.62; meanwhile, institutional investors own 99.76% of the company’s shares.
Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) CAO Lori Tansley sold 1,400 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total value of $76,664.00. Following the completion of the transaction, the chief accounting officer owned 767 shares in the company, valued at $42,000.92. The trade was a 64.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ziff Davis Stock Performance
Shares of ZD opened at $55.91 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 3.16 and a beta of 1.08. The stock has a 50 day moving average of $50.92 and a 200 day moving average of $44.16. Ziff Davis, Inc. has a 12 month low of $22.45 and a 12 month high of $58.06.
Ziff Davis (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.22. The business had revenue of $286.74 million for the quarter, compared to analysts' expectations of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The business's revenue was down 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share.
Hedge Funds Weigh In On Ziff Davis
Hedge funds have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Ziff Davis by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company's stock worth $6,037,000 after purchasing an additional 3,696 shares in the last quarter. Invesco Ltd. grew its holdings in Ziff Davis by 1.3% during the 2nd quarter. Invesco Ltd. now owns 188,595 shares of the technology company's stock valued at $5,709,000 after buying an additional 2,347 shares in the last quarter. First Trust Advisors LP increased its position in shares of Ziff Davis by 46.2% during the second quarter. First Trust Advisors LP now owns 100,549 shares of the technology company's stock valued at $3,044,000 after buying an additional 31,765 shares during the period. Jump Financial LLC purchased a new stake in shares of Ziff Davis in the second quarter worth about $927,000. Finally, Cerity Partners LLC bought a new position in shares of Ziff Davis in the second quarter valued at approximately $380,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a "neutral" rating in a research report on Wednesday. Royal Bank Of Canada increased 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. Zacks Research lowered shares of Ziff Davis from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 6th. Evercore reaffirmed an "outperform" rating and issued a $64.00 price target on shares of Ziff Davis in a report on Monday. Finally, Susquehanna upped their price objective on Ziff Davis from $60.00 to $75.00 and gave the company a "positive" rating in a research note on Monday. Three equities research 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's stock. According to MarketBeat.com, Ziff Davis has a consensus rating of "Hold" and a consensus target price of $56.62.
Check Out Our Latest Analysis on ZD
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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