Ziff Davis (NASDAQ:ZD) EVP Jeremy Rossen Sells 8,000 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 8,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $47.00, for a total value of $376,000.00. Following the sale, the executive vice president owned 14,462 shares of the company’s stock, valued at approximately $679,714. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 28th, Jeremy Rossen sold 4,347 shares of Ziff Davis stock. The stock was sold at an average price of $45.75, for a total value of $198,875.25.

Ziff Davis Trading Down 4.5%

ZD stock opened at $45.81 on Friday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 40.54 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. The business has a fifty day simple moving average of $44.25 and a 200-day simple moving average of $38.59. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $267.64 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $1.14 EPS. On average, equities research analysts expect that Ziff Davis, Inc. will post 4.08 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on ZD shares. Barclays increased their price target on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Susquehanna increased their price target on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. UBS Group lowered their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Finally, Citigroup increased their price target on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.25.

Institutional Trading of Ziff Davis

Large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in Ziff Davis in the 4th quarter valued at $25,000. NBC Securities Inc. boosted its position in Ziff Davis by 121.3% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after buying an additional 590 shares during the last quarter. GAMMA Investing LLC boosted its position in Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Ziff Davis by 226.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.