Ziff Davis (NASDAQ:ZD) EVP Sells $198,875.25 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 4,347 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $45.75, for a total value of $198,875.25. Following the sale, the executive vice president directly owned 22,462 shares in the company, valued at approximately $1,027,636.50. This represents a 16.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ziff Davis Stock Up 0.0%

Shares of NASDAQ ZD traded up $0.01 during mid-day trading on Friday, reaching $45.08. 686,883 shares of the company’s stock were exchanged, compared to its average volume of 872,944. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 39.89 and a beta of 1.14. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $43.91 and a 200 day simple moving average of $38.03. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business had revenue of $267.64 million for the quarter, compared to analyst estimates of $264.32 million. During the same quarter last year, the firm earned $1.14 EPS. Ziff Davis’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Ziff Davis, Inc. will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZD. Barclays lifted their target price on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their target price on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Evercore reissued an “outperform” rating and issued a $61.00 target price on shares of Ziff Davis in a research report on Tuesday, May 12th. Susquehanna lifted their target price on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their target price on Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZD. Pale Fire Capital SE boosted its stake in shares of Ziff Davis by 130.0% during the 1st quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company’s stock worth $116,790,000 after acquiring an additional 1,573,414 shares during the period. First Trust Advisors LP boosted its stake in shares of Ziff Davis by 689.6% during the 1st quarter. First Trust Advisors LP now owns 974,591 shares of the technology company’s stock worth $40,894,000 after acquiring an additional 851,163 shares during the period. Goldman Sachs Group Inc. boosted its stake in Ziff Davis by 260.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock valued at $21,005,000 after purchasing an additional 431,828 shares during the period. LSV Asset Management boosted its stake in Ziff Davis by 75.6% in the 3rd 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. Finally, Invenomic Capital Management LP boosted its stake in Ziff Davis by 86.0% in the 3rd 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. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Company Profile

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.