W Brian Kretzmer Sells 2,513 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer sold 2,513 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $55.31, for a total transaction of $138,994.03. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $1,106,200. This trade represents a 11.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ziff Davis Stock Performance

Ziff Davis stock opened at $56.08 on Friday. The company’s 50-day moving average price is $52.02 and its 200-day moving average price is $44.79. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $58.06. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.92 billion, a PE ratio of 3.17 and a beta of 1.08.

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. The firm had revenue of $286.74 million during the quarter, compared to the consensus estimate of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The firm’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on Ziff Davis from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Susquehanna increased their price target on Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a report on Monday, August 10th. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. UBS Group lifted their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.62.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently modified their holdings of ZD. Federated Hermes Inc. purchased a new position in Ziff Davis during the 4th quarter valued at $25,000. Allworth Financial LP purchased a new stake in Ziff Davis in the second quarter worth $44,000. 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. NBC Securities Inc. lifted its position in shares of Ziff Davis by 121.2% during 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 last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake 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 valued at $35,000 after purchasing an additional 687 shares during the period. 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.