Ziff Davis (NASDAQ:ZD) EVP Jeremy Rossen Sells 3,819 Shares of 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 value of $209,777.67. Following the transaction, the executive vice president owned 10,643 shares of the company’s stock, valued at $584,619.99. This represents a 26.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was sold at an average price of $45.75, for a total transaction of $198,875.25.

Ziff Davis Stock Performance

Ziff Davis stock opened at $53.49 on Wednesday. The company’s 50-day moving average price is $50.55 and its 200-day moving average price is $43.93. The company has a quick ratio of 1.66, a current ratio of 2.16 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.83 billion, a PE ratio of 3.03 and a beta of 1.08. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $58.06.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The firm had revenue of $286.74 million during the quarter, compared to the consensus estimate of $286.10 million. During the same quarter last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was down 18.7% compared to the same quarter last year.

Analyst Upgrades and Downgrades

ZD has been the subject of a number of recent research reports. Evercore reiterated an “outperform” rating and issued a $64.00 target price on shares of Ziff Davis in a report on Monday. Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research report on Monday, May 11th. Finally, 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 note on Monday, May 11th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.00.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently modified their holdings of the business. Federated Hermes Inc. purchased a new position in Ziff Davis during the 4th quarter valued at $25,000. NBC Securities Inc. increased its stake in Ziff Davis by 121.2% 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. lifted its position in shares of Ziff Davis by 212.2% during 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 last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Ziff Davis by 226.7% during 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 last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Ziff Davis during the second quarter valued at $44,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.