Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) Director W Brian Kretzmer sold 2,513 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total transaction of $138,994.03. Following the sale, the director directly owned 20,000 shares in the company, valued at $1,106,200. This trade represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Ziff Davis Stock Performance
Shares of ZD opened at $55.40 on Friday. The firm has a 50-day moving average of $51.82 and a 200-day moving average of $44.72. Ziff Davis, Inc. has a one year low of $22.45 and a one year high of $58.06. The company has a market cap of $1.90 billion, a PE ratio of 3.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 2.16.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The company had revenue of $286.74 million for the quarter, compared to analysts' expectations of $286.10 million. During the same period in the prior year, the firm earned $1.24 EPS. Ziff Davis's quarterly revenue was down 18.7% compared to the same quarter last year.
Institutional Investors Weigh In On Ziff Davis
Hedge funds have recently bought and sold shares of the stock. Corsair Capital Management L.P. acquired a new position in shares of Ziff Davis in the first quarter valued at approximately $1,888,000. Aldebaran Capital LLC acquired a new stake in Ziff Davis during the 1st quarter worth approximately $1,728,000. NewGen Asset Management Ltd acquired a new stake in Ziff Davis during the 1st quarter worth approximately $2,203,000. Brave Asset Management Inc. boosted its stake in Ziff Davis by 11.9% in the 1st quarter. Brave Asset Management Inc. now owns 470,282 shares of the technology company's stock valued at $19,733,000 after purchasing an additional 50,127 shares during the period. Finally, Incline Global Management LLC boosted its stake in Ziff Davis by 8.1% in the 4th quarter. Incline Global Management LLC now owns 401,933 shares of the technology company's stock valued at $14,128,000 after purchasing an additional 30,212 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently issued reports on ZD. Evercore reaffirmed an "outperform" rating and issued a $64.00 price objective on shares of Ziff Davis in a research report on Monday, August 10th. Susquehanna boosted their target price on Ziff Davis from $60.00 to $75.00 and gave the stock a "positive" rating in a report on Monday, August 10th. Citigroup increased their price target on Ziff Davis from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Piper Sandler set a $48.00 price target on Ziff Davis in a report on Monday, May 11th. Finally, Zacks Research cut shares of Ziff Davis from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $56.62.
Get Our Latest Analysis on Ziff Davis
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
