Kirk Mcdonald Sells 1,075 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Kirk Mcdonald sold 1,075 shares of Ziff Davis stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.65, for a total transaction of $50,148.75. Following the completion of the transaction, the director directly owned 13,468 shares of the company’s stock, valued at $628,282.20. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ziff Davis Stock Down 0.5%

Shares of Ziff Davis stock opened at $46.37 on Wednesday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 41.04 and a beta of 1.12. The company’s 50 day moving average is $44.41 and its 200 day moving average is $38.89. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.42.

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

Institutional Trading of Ziff Davis

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new stake in Ziff Davis during the fourth quarter valued at approximately $25,000. NBC Securities Inc. increased its holdings in Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after buying an additional 590 shares during the last quarter. GAMMA Investing LLC increased its holdings in Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Ziff Davis by 226.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Evercore restated an “outperform” rating and set a $61.00 price objective on shares of Ziff Davis in a research report on Tuesday, May 12th. Barclays increased their price objective on shares of 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. lowered their price objective on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada increased their price objective on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.25.

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.