Ziff Davis (NASDAQ:ZD) CAO Sells $76,664.00 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) CAO Lori Tansley sold 1,400 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $54.76, for a total transaction of $76,664.00. Following the sale, the chief accounting officer directly owned 767 shares of the company’s stock, valued at $42,000.92. The trade was a 64.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ziff Davis Price Performance

Shares of ZD opened at $55.38 on Friday. The company has a 50 day moving average of $51.11 and a two-hundred day moving average of $44.23. The company has a quick ratio of 1.66, a current ratio of 2.16 and a debt-to-equity ratio of 0.32. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $58.06. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 3.13 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The business had revenue of $286.74 million for the quarter, compared to the consensus estimate of $286.10 million. During the same period in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was down 18.7% on a year-over-year basis.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds have recently made changes to their positions in ZD. Public Employees Retirement System of Ohio raised its stake in Ziff Davis by 17.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company’s stock worth $92,000 after acquiring an additional 319 shares during the last quarter. NBC Securities Inc. grew its stake in Ziff Davis by 121.2% during the 4th 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. California State Teachers Retirement System grew its stake in Ziff Davis by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after purchasing an additional 550 shares during the last quarter. Hantz Financial Services Inc. increased 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 period. Finally, Rockefeller Capital Management L.P. increased its holdings 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 valued at $35,000 after purchasing an additional 687 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ZD shares. Barclays upped their target price on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Citigroup boosted their price target on Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Susquehanna upped their price objective on shares of Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a report on Monday, August 10th. Finally, Evercore reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Ziff Davis in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ziff Davis has an average rating of “Hold” and an average target price of $56.62.

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.