Insider Selling: Ziff Davis (NASDAQ:ZD) EVP Sells 3,819 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 3,819 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $54.93, for a total value of $209,777.67. Following the completion of the transaction, the executive vice president owned 10,643 shares in the company, valued at $584,619.99. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $47.00, for a total value of $376,000.00.
• 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 1.5%

Ziff Davis stock traded down $0.82 during mid-day trading on Tuesday, hitting $53.49. The stock had a trading volume of 684,173 shares, compared to its average volume of 803,156. The stock has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $43.82. The company has a current ratio of 2.16, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.97 billion, a PE ratio of 3.03 and a beta of 1.08. Ziff Davis, Inc. has a 12 month low of $22.45 and a 12 month high of $58.06.

Ziff Davis (NASDAQ:ZD) last announced 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. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The firm had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. During the same period in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was down 18.7% compared to the same quarter last year.

Institutional Trading of Ziff Davis

Several hedge funds have recently bought and sold shares of ZD. Federated Hermes Inc. acquired a new position in Ziff Davis during the 4th quarter worth approximately $25,000. NBC Securities Inc. raised its holdings in shares of Ziff Davis by 121.2% in 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. raised its holdings in shares of Ziff Davis by 212.2% in 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. lifted its position in shares of Ziff Davis by 226.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after purchasing an additional 687 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in shares of Ziff Davis in the second quarter worth $44,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZD. Evercore restated an “outperform” rating and issued a $64.00 price objective on shares of Ziff Davis in a report on Monday. Royal Bank Of Canada upped their target price on shares of Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday. Barclays increased their price target on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Citigroup raised their price target on Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Weiss Ratings raised Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ziff Davis presently has an average rating of “Hold” and an average target price of $53.00.

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.