Insider Selling: Ziff Davis (NASDAQ:ZD) Director Sells 2,513 Shares

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer sold 2,513 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $55.31, for a total transaction of $138,994.03. Following the completion of the sale, the director directly owned 20,000 shares in the company, valued at $1,106,200. This represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ziff Davis Stock Down 0.1%

Shares of ZD traded down $0.08 during midday trading on Thursday, hitting $55.42. The stock had a trading volume of 183,540 shares, compared to its average volume of 790,718. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 3.14 and a beta of 1.08. The company has a 50 day simple moving average of $51.63 and a two-hundred day simple moving average of $44.59. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve 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 2.16.

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, topping the consensus estimate of $0.81 by $0.22. The company had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.Ziff Davis’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZD shares. Zacks Research cut shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. UBS Group increased their target price on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Susquehanna raised their target price on shares of Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Monday, August 10th. Piper Sandler set a $48.00 price target on shares of Ziff Davis in a research note on Monday, May 11th. Finally, Citigroup increased their price objective on shares of Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in Ziff Davis by 17.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company’s stock worth $92,000 after buying an additional 319 shares during the period. NBC Securities Inc. lifted its position 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 valued at $31,000 after acquiring an additional 485 shares during the period. California State Teachers Retirement System grew its stake in shares of Ziff Davis by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after buying an additional 550 shares during the period. Hantz Financial Services Inc. grew its stake 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 acquiring an additional 590 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after purchasing an additional 687 shares in the last quarter. 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.