Ziff Davis, Inc. (NASDAQ:ZD) Director Acquires $49,998.00 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Ziff Davis Stock Up 0.4 %

ZD stock traded up $0.18 during trading on Tuesday, reaching $40.12. The stock had a trading volume of 426,550 shares, compared to its average volume of 367,845. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $52.38 and a 200 day moving average price of $51.37. The company has a market capitalization of $1.72 billion, a P/E ratio of 34.01 and a beta of 1.36. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $68.91.

Wall Street Analyst Weigh In

ZD has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Barclays lifted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Citigroup reduced their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after acquiring an additional 272,895 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Ziff Davis by 12.4% during the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after purchasing an additional 267,436 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ziff Davis by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock worth $131,112,000 after purchasing an additional 118,979 shares in the last quarter. CDAM UK Ltd increased its holdings in Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after buying an additional 213,071 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Ziff Davis by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after buying an additional 36,863 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.