Jeremy Rossen Sells 8,000 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 8,000 shares of Ziff Davis stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $47.00, for a total value of $376,000.00. Following the transaction, the executive vice president directly owned 14,462 shares in the company, valued at approximately $679,714. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeremy Rossen also recently made the following trade(s):

• 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 value of $198,875.25.

Ziff Davis Price Performance

NASDAQ:ZD traded down $2.43 during mid-day trading on Friday, reaching $45.52. 316,990 shares of the stock were exchanged, compared to its average volume of 857,124. The business has a fifty day moving average price of $44.21 and a 200 day moving average price of $38.53. The firm has a market capitalization of $1.68 billion, a PE ratio of 40.27 and a beta of 1.12. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $50.55. 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 released its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $267.64 million for the quarter, compared to analyst estimates of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.Ziff Davis’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. Research analysts expect that Ziff Davis, Inc. will post 4.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ZD. Citigroup increased their price target on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Barclays increased their price target 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. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. 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 research report on Monday, May 11th. Finally, UBS Group decreased their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Three investment 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 MarketBeat.com, Ziff Davis has an average rating of “Hold” and a consensus price target of $47.25.

Institutional Investors Weigh In On Ziff Davis

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis during the 4th quarter valued at about $25,000. Hantz Financial Services Inc. lifted its holdings in shares of Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after buying an additional 590 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Ziff Davis by 121.3% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.