Jeremy Rossen Sells 4,347 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 4,347 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $45.75, for a total transaction of $198,875.25. Following the sale, the executive vice president owned 22,462 shares of the company’s stock, valued at approximately $1,027,636.50. This represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ziff Davis Stock Performance

ZD stock opened at $45.07 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market cap of $1.66 billion, a P/E ratio of 39.89 and a beta of 1.14. The firm has a 50 day simple moving average of $43.96 and a 200 day simple moving average of $38.08. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $267.64 million during 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 company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. Research analysts anticipate that Ziff Davis, Inc. will post 4.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Weiss Ratings cut shares of Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Susquehanna lifted their price target on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Evercore reissued an “outperform” rating and issued a $61.00 price target on shares of Ziff Davis in a research report on Tuesday, May 12th. Finally, Barclays lifted their price target 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. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.25.

Institutional Investors Weigh In On Ziff Davis

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis in the 4th quarter valued at $25,000. NBC Securities Inc. lifted its position in Ziff Davis by 121.3% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after buying an additional 485 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after buying an additional 590 shares in the last quarter. GAMMA Investing LLC lifted its position in Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after buying an additional 611 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position 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 worth $35,000 after buying 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.