Ziff Davis (NASDAQ:ZD) Director W Brian Kretzmer Sells 2,513 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer sold 2,513 shares of the stock in a transaction that occurred 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 transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ziff Davis Price Performance

ZD opened at $55.40 on Friday. The company has a fifty day moving average price of $51.82 and a two-hundred day moving average price of $44.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market capitalization of $1.90 billion, a PE ratio of 3.14 and a beta of 1.08. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $58.06.

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 business 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%.The firm’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZD. Barclays increased their price target on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Evercore reiterated an “outperform” rating and issued a $64.00 price objective on shares of Ziff Davis in a research report on Monday, August 10th. UBS Group increased their target price on Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Citigroup upped their price target on shares of Ziff Davis from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.62.

Hedge Funds Weigh In On Ziff Davis

A number of large investors have recently modified their holdings of ZD. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis in the fourth quarter valued at about $25,000. NBC Securities Inc. boosted its position in Ziff Davis by 121.2% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Ziff Davis by 226.7% in the fourth 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. Finally, Allworth Financial LP bought a new position in Ziff Davis in the second quarter valued at approximately $44,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.