Bret Richter Sells 18,000 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) CFO Bret Richter sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the transaction, the chief financial officer owned 29,244 shares in the company, valued at $1,370,958.72. This trade represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $46.26 on Friday. The company has a fifty day moving average of $44.65 and a 200-day moving average of $39.15. The firm has a market capitalization of $1.70 billion, a P/E ratio of 40.94 and a beta of 1.12. 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, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55.

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

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. bought a new position in shares of Ziff Davis in the fourth quarter worth approximately $25,000. NBC Securities Inc. grew its holdings in shares of Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after purchasing an additional 590 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after purchasing an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after purchasing 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 analysts have commented on ZD shares. UBS Group cut their price objective on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Susquehanna lifted their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. Citigroup lifted their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. 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 company’s stock. Based on data from MarketBeat, Ziff Davis has a consensus rating of “Hold” and an average price target 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.