Lori Tansley Sells 1,400 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) CAO Lori Tansley sold 1,400 shares of Ziff Davis stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $54.76, for a total value of $76,664.00. Following the completion of the sale, the chief accounting officer directly owned 767 shares of the company’s stock, valued at $42,000.92. This trade represents a 64.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ziff Davis Trading Up 1.8%

Shares of ZD traded up $0.97 during trading hours on Thursday, hitting $55.91. 554,916 shares of the stock traded hands, compared to its average volume of 802,757. The business has a fifty day moving average of $50.76 and a 200-day moving average of $44.03. The firm has a market capitalization of $1.92 billion, a PE ratio of 3.16 and a beta of 1.08. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $58.06. The company has a current ratio of 2.16, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32.

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

Analysts Set New Price Targets

ZD has been the topic of several analyst reports. 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 report on Monday, May 11th. Evercore reiterated an “outperform” rating and set a $64.00 target price on shares of Ziff Davis in a research report on Monday. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Citigroup raised their price target on Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, UBS Group upped their price objective on Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ziff Davis has an average rating of “Hold” and an average price target of $56.62.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Corsair Capital Management L.P. bought a new stake in shares of Ziff Davis in the 1st quarter valued at $1,888,000. Aldebaran Capital LLC bought a new position in Ziff Davis during the first quarter worth about $1,728,000. Brave Asset Management Inc. grew its stake in Ziff Davis by 11.9% in the first quarter. Brave Asset Management Inc. now owns 470,282 shares of the technology company’s stock valued at $19,733,000 after acquiring an additional 50,127 shares during the period. Incline Global Management LLC increased its holdings in shares of Ziff Davis by 8.1% in the fourth quarter. Incline Global Management LLC now owns 401,933 shares of the technology company’s stock worth $14,128,000 after acquiring an additional 30,212 shares in the last quarter. Finally, NewGen Asset Management Ltd bought a new stake in shares of Ziff Davis in the first quarter worth about $2,203,000. 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.