Insider Selling: Ziff Davis (NASDAQ:ZD) EVP Sells 4,347 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 4,347 shares of the stock in a transaction on 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 owned 22,462 shares in the company, valued at $1,027,636.50. The trade was a 16.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ziff Davis Price Performance

Shares of ZD stock traded up $0.01 during trading hours on Friday, hitting $45.08. 686,883 shares of the company’s stock were exchanged, compared to its average volume of 872,944. The stock’s 50-day moving average is $43.91 and its 200-day moving average is $38.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 39.89 and a beta of 1.14. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $267.64 million for 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 for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, research analysts forecast that Ziff Davis, Inc. will post 4.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup raised their target price on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Royal Bank Of Canada raised their target price on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Piper Sandler set a $48.00 target price on Ziff Davis in a report on Monday, May 11th. Finally, Evercore restated an “outperform” rating and set a $61.00 target price on shares of Ziff Davis in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.25.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds have recently modified their holdings of the business. Edgestream Partners L.P. acquired a new stake in shares of Ziff Davis during the first quarter worth about $3,489,000. Janus Henderson Group PLC raised its position in shares of Ziff Davis by 2.7% during the first quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company’s stock worth $147,963,000 after purchasing an additional 92,496 shares during the period. Amundi raised its position in shares of Ziff Davis by 4.1% during the first quarter. Amundi now owns 119,364 shares of the technology company’s stock worth $5,009,000 after purchasing an additional 4,678 shares during the period. California State Teachers Retirement System raised its position in shares of Ziff Davis by 20.9% during the first quarter. California State Teachers Retirement System now owns 46,368 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 8,008 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Ziff Davis by 35.2% during the first quarter. Quantinno Capital Management LP now owns 37,927 shares of the technology company’s stock worth $1,591,000 after purchasing an additional 9,866 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.