Ziff Davis, Inc. $ZD Shares Acquired by Brave Asset Management Inc.

Brave Asset Management Inc. lifted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 11.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 470,282 shares of the technology company’s stock after buying an additional 50,127 shares during the period. Ziff Davis accounts for approximately 4.6% of Brave Asset Management Inc.’s portfolio, making the stock its 5th largest holding. Brave Asset Management Inc.’s holdings in Ziff Davis were worth $19,733,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in Ziff Davis by 226.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after buying an additional 687 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Ziff Davis during the 4th quarter valued at about $269,000. Invesco Ltd. increased its stake in shares of Ziff Davis by 17.8% during the 4th quarter. Invesco Ltd. now owns 225,357 shares of the technology company’s stock valued at $7,921,000 after acquiring an additional 34,064 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Ziff Davis by 74.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,166 shares of the technology company’s stock worth $357,000 after acquiring an additional 4,353 shares during the period. Finally, Vident Advisory LLC lifted its holdings in shares of Ziff Davis by 11.4% during the 4th quarter. Vident Advisory LLC now owns 20,265 shares of the technology company’s stock worth $712,000 after acquiring an additional 2,068 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Susquehanna increased their price target on shares of Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday, May 5th. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, UBS Group dropped their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and an average price target of $47.25.

Insider Transactions at Ziff Davis

In related news, EVP Jeremy Rossen sold 8,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the sale, the executive vice president directly owned 14,462 shares of the company’s stock, valued at approximately $679,714. This represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bret Richter sold 18,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total value of $843,840.00. Following the completion of the sale, the chief financial officer owned 29,244 shares of the company’s stock, valued at approximately $1,370,958.72. This represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,422 shares of company stock valued at $1,468,864 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ ZD opened at $46.40 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $50.55. The firm has a market capitalization of $1.71 billion, a P/E ratio of 41.06 and a beta of 1.13. The business’s 50-day simple moving average is $44.97 and its 200-day simple moving average is $39.80.

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

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.