Jeremy Rossen Sells 3,819 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 3,819 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $54.93, for a total value of $209,777.67. Following the completion of the transaction, the executive vice president owned 10,643 shares in the company, valued at $584,619.99. This trade represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, June 5th, Jeremy Rossen sold 8,000 shares of Ziff Davis stock. The stock was sold at an average price of $47.00, for a total value of $376,000.00.
• 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 Price Performance

Ziff Davis stock opened at $54.94 on Thursday. Ziff Davis, Inc. has a 12 month low of $22.45 and a 12 month high of $58.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 1.66. The business has a 50 day simple moving average of $50.76 and a 200-day simple moving average of $44.03. The stock has a market capitalization of $1.88 billion, a PE ratio of 3.11 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. The firm had revenue of $286.74 million for the quarter, compared to analyst estimates of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. Ziff Davis’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS.

Institutional Investors Weigh In On Ziff Davis

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new position in Ziff Davis in the 4th quarter valued at approximately $25,000. Allworth Financial LP purchased a new stake in Ziff Davis during the second quarter worth $44,000. Hantz Financial Services Inc. grew its holdings in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Ziff Davis by 121.2% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after buying an additional 485 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of 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 in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Barclays lifted their price objective on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Piper Sandler set a $48.00 target price on Ziff Davis in a research report on Monday, May 11th. Weiss Ratings raised Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, UBS Group raised their price target on Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.62.

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.