Ziff Davis (NASDAQ:ZD) Director Sells $50,148.75 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Kirk Mcdonald sold 1,075 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.65, for a total transaction of $50,148.75. Following the completion of the sale, the director directly owned 13,468 shares in the company, valued at $628,282.20. This represents a 7.39% 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 Up 1.7%

ZD traded up $0.79 during trading on Monday, hitting $46.60. The company had a trading volume of 487,351 shares, compared to its average volume of 855,974. The company has a market capitalization of $1.72 billion, a PE ratio of 41.24 and a beta of 1.12. Ziff Davis, Inc. has a one year low of $22.45 and a one year high of $50.55. The firm’s 50-day moving average price is $44.25 and its 200 day moving average price is $38.65. 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 (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. As a group, equities analysts expect that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.

Hedge Funds Weigh In On Ziff Davis

Hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH increased its stake in shares of Ziff Davis by 23.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock valued at $9,129,000 after purchasing an additional 46,282 shares during the last quarter. LSV Asset Management lifted its position in shares of Ziff Davis by 75.6% during the 3rd quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock worth $29,440,000 after buying an additional 332,674 shares during the last quarter. Invenomic Capital Management LP boosted its stake in Ziff Davis by 86.0% in the third quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock valued at $15,562,000 after buying an additional 188,844 shares in the last quarter. Range Financial Group LLC acquired a new stake in Ziff Davis in the fourth quarter valued at about $1,297,000. Finally, Bastion Asset Management Inc. grew its position in Ziff Davis by 92.2% in the third quarter. Bastion Asset Management Inc. now owns 63,950 shares of the technology company’s stock valued at $2,423,000 after acquiring an additional 30,679 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZD. UBS Group reduced their target price on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Evercore restated an “outperform” rating and set a $61.00 target price on shares of Ziff Davis in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. JPMorgan Chase & Co. reduced their target price on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Susquehanna increased their target price 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. Three 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 stock presently has a consensus rating of “Hold” and a consensus 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.