Key Points
- CEO Vivek Shah sold 2,650 Ziff Davis shares at an average price of $50.67, totaling about $134,276. The sale was made under a pre-arranged Rule 10b5-1 plan; Shah retained 357,632 shares.
- Ziff Davis reported quarterly earnings of $1.39 per share, beating the $1.20 analyst estimate, but revenue of $289.33 million fell short of forecasts and was down 20.5% year over year.
- Analysts’ consensus rating was Hold, with a consensus price target of $60.33.
Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) CEO Vivek Shah sold 2,650 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $50.67, for a total value of $134,275.50. Following the completion of the transaction, the chief executive officer owned 357,632 shares in the company, valued at $18,121,213.44. The trade was a 0.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ziff Davis Price Performance
ZD stock traded down $0.20 during midday trading on Friday, reaching $51.49. The company had a trading volume of 371,711 shares, compared to its average volume of 510,394. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 3.04 and a beta of 1.10. The stock has a 50 day moving average price of $55.83 and a 200-day moving average price of $48.00. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $60.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.16.
Ziff Davis (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $289.33 million during the quarter, compared to analysts' expectations of $295.31 million. Ziff Davis had a net margin of 49.46% and a return on equity of 9.10%. Ziff Davis's revenue was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. Equities research analysts expect that Ziff Davis, Inc. will post 4.41 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ZD. Susquehanna upped their price target on shares of Ziff Davis from $60.00 to $75.00 and gave the stock a "positive" rating in a report on Monday, August 10th. UBS Group increased their price target on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. began coverage on shares of Ziff Davis in a research note on Friday, September 11th. They issued a "neutral" rating and a $60.00 price objective on the stock. Evercore restated an "outperform" rating and set a $64.00 price objective on shares of Ziff Davis in a research report on Monday, August 10th. Finally, Weiss Ratings cut Ziff Davis from a "hold (c+)" rating to a "hold (c-)" rating in a research note on Monday, November 9th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.33.
Read Our Latest Analysis on Ziff Davis
Institutional Trading of Ziff Davis
Several large investors have recently bought and sold shares of ZD. Allworth Financial LP acquired a new position in Ziff Davis during the second quarter worth about $44,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Ziff Davis in the 2nd quarter valued at approximately $58,000. Nykredit A S bought a new stake in shares of Ziff Davis during the 2nd quarter valued at approximately $68,000. Public Employees Retirement System of Ohio grew its holdings in shares of Ziff Davis by 17.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company's stock valued at $92,000 after purchasing an additional 319 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Ziff Davis by 194.6% during the 3rd quarter. Signaturefd LLC now owns 2,507 shares of the technology company's stock valued at $142,000 after purchasing an additional 1,656 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.
About Ziff Davis
(
Get Free Report)
Ziff Davis, Inc. is a digital media and internet company that operates a portfolio of websites, apps and online services. Its brands cover technology and shopping, gaming and entertainment, health and wellness, connectivity, and cybersecurity and marketing technology. They include PCMag, IGN, Mashable, Everyday Health and Ookla, whose services include Speedtest and Downdetector. The company serves consumers and businesses in the United States and international markets. Its activities include publishing editorial content, providing internet and software services, and offering digital advertising and marketing solutions.
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