Ziff Davis (NASDAQ:ZD) EVP Sells $209,777.67 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 3,819 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $54.93, for a total transaction of $209,777.67. Following the completion of the transaction, the executive vice president owned 10,643 shares of the company’s stock, valued at approximately $584,619.99. This trade represents a 26.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 5th, Jeremy Rossen sold 8,000 shares of Ziff Davis stock. The stock was sold at an average price of $47.00, for a total transaction of $376,000.00.
• On Thursday, May 28th, Jeremy Rossen sold 4,347 shares of Ziff Davis stock. The shares were sold at an average price of $45.75, for a total transaction of $198,875.25.

Ziff Davis Price Performance

ZD stock opened at $55.91 on Friday. The company has a fifty day moving average price of $50.92 and a 200-day moving average price of $44.16. The company has a market capitalization of $1.92 billion, a P/E ratio of 3.16 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. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 2.16.

Ziff Davis (NASDAQ:ZD) last issued 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 for the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. Ziff Davis’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ZD shares. Susquehanna raised their price objective on Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Monday. Barclays increased their target price on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Evercore reiterated an “outperform” rating and set a $64.00 price objective on shares of Ziff Davis in a research report on Monday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.62.

Institutional Investors Weigh In On Ziff Davis

Large investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC acquired a new stake in Ziff Davis in the 2nd quarter valued at $320,000. Allworth Financial LP acquired a new position in Ziff Davis during the second quarter worth $44,000. Tocqueville Asset Management L.P. bought a new position in shares of Ziff Davis in the second quarter valued at $10,276,000. Great Lakes Advisors LLC acquired a new position in shares of Ziff Davis during the second quarter valued at about $2,870,000. Finally, Deutsche Bank AG bought a new stake in shares of Ziff Davis during the second quarter worth about $2,160,000. 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.