Ziff Davis (NASDAQ:ZD) EVP Sells $376,000.00 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 8,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $47.00, for a total value of $376,000.00. Following the transaction, the executive vice president owned 14,462 shares of the company’s stock, valued at approximately $679,714. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jeremy Rossen also recently made the following trade(s):

• 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 5.1%

Shares of Ziff Davis stock traded down $2.43 on Friday, hitting $45.52. 316,990 shares of the company’s stock traded hands, compared to its average volume of 857,124. The stock has a market cap of $1.68 billion, a P/E ratio of 40.27 and a beta of 1.12. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $44.21 and its 200 day moving average is $38.53. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $50.55.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $267.64 million during the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. Equities analysts anticipate that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their price objective on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. UBS Group reduced their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $47.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Allianz Asset Management GmbH increased its holdings in shares of Ziff Davis by 23.9% during the third quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock valued at $9,129,000 after purchasing an additional 46,282 shares during the period. LSV Asset Management increased its holdings in shares of Ziff Davis by 75.6% during the third quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock valued at $29,440,000 after purchasing an additional 332,674 shares during the period. Invenomic Capital Management LP increased its holdings in shares of Ziff Davis by 86.0% during the third quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock valued at $15,562,000 after purchasing an additional 188,844 shares during the period. Range Financial Group LLC acquired a new position in Ziff Davis during the fourth quarter worth about $1,297,000. Finally, Bastion Asset Management Inc. grew its holdings in Ziff Davis by 92.2% during the third quarter. Bastion Asset Management Inc. now owns 63,950 shares of the technology company’s stock worth $2,423,000 after acquiring an additional 30,679 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

About Ziff Davis

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.