Insider Selling: Ziff Davis (NASDAQ:ZD) Director Sells $50,148.75 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Kirk Mcdonald sold 1,075 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $46.65, for a total value of $50,148.75. Following the completion of the sale, the director directly owned 13,468 shares of the company’s stock, valued at $628,282.20. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ziff Davis Price Performance

ZD stock opened at $45.80 on Thursday. The company has a market capitalization of $1.69 billion, a P/E ratio of 40.53 and a beta of 1.12. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55. The business has a 50 day simple moving average of $44.49 and a 200-day simple moving average of $39.00. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. During the same period in the prior year, the company earned $1.14 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Ziff Davis, Inc. will post 4.08 EPS for the current year.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new stake in Ziff Davis in the first quarter valued at $3,489,000. Janus Henderson Group PLC lifted its holdings in Ziff Davis by 2.7% in the first quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company’s stock valued at $147,963,000 after acquiring an additional 92,496 shares during the period. Amundi lifted its holdings in Ziff Davis by 4.1% in the first quarter. Amundi now owns 119,364 shares of the technology company’s stock valued at $5,009,000 after acquiring an additional 4,678 shares during the period. California State Teachers Retirement System increased its position in shares of Ziff Davis by 20.9% in the first quarter. California State Teachers Retirement System now owns 46,368 shares of the technology company’s stock valued at $1,946,000 after buying an additional 8,008 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Ziff Davis by 35.2% in the first quarter. Quantinno Capital Management LP now owns 37,927 shares of the technology company’s stock valued at $1,591,000 after buying an additional 9,866 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ZD. Evercore reaffirmed an “outperform” rating and set a $61.00 price target on shares of Ziff Davis in a report on Tuesday, May 12th. UBS Group decreased their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their price target on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Barclays raised their target price on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Susquehanna raised their target price on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ziff Davis presently has an average rating of “Hold” and a consensus target price of $47.25.

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.