Ziff Davis (NASDAQ:ZD) CFO Sells $843,840.00 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) CFO Bret Richter sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total value of $843,840.00. Following the transaction, the chief financial officer owned 29,244 shares of the company’s stock, valued at $1,370,958.72. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ziff Davis Stock Up 1.1%

NASDAQ ZD opened at $46.26 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 company has a market capitalization of $1.70 billion, a P/E ratio of 40.94 and a beta of 1.12. Ziff Davis, Inc. has a one year low of $22.45 and a one year high of $50.55. The stock has a 50 day moving average price of $44.65 and a 200-day moving average price of $39.15.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.73 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 the consensus estimate of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. As a group, equities analysts predict that Ziff Davis, Inc. will post 4.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on ZD shares. Royal Bank Of Canada increased their price target on Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Susquehanna increased their price target on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. Evercore restated an “outperform” rating and set a $61.00 price target on shares of Ziff Davis in a report on Tuesday, May 12th. Finally, Piper Sandler set a $48.00 price target on Ziff Davis in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.25.

Institutional Trading of Ziff Davis

A number of hedge funds and other institutional investors have recently bought and sold shares of ZD. Federated Hermes Inc. purchased a new stake in Ziff Davis in the fourth quarter worth $25,000. NBC Securities Inc. increased its stake in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares during the period. Hantz Financial Services Inc. increased its stake in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after purchasing an additional 590 shares during the period. GAMMA Investing LLC increased its stake in Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after purchasing an additional 611 shares during the period. Finally, Rockefeller Capital Management L.P. increased 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 worth $35,000 after purchasing an additional 687 shares during the period. Hedge funds and other institutional investors 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.