Ziff Davis (NASDAQ:ZD) EVP Jeremy Rossen Sells 4,347 Shares

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 4,347 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $45.75, for a total value of $198,875.25. Following the sale, the executive vice president directly owned 22,462 shares in the company, valued at approximately $1,027,636.50. This trade represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ziff Davis Stock Performance

ZD opened at $45.07 on Friday. The firm has a market cap of $1.66 billion, a P/E ratio of 39.89 and a beta of 1.14. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $50.55. 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 business’s fifty day moving average is $43.96 and its 200-day moving average is $38.08.

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 the consensus estimate of $0.72 by $0.01. The company 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS. Sell-side analysts expect that Ziff Davis, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

ZD has been the topic of several research analyst reports. UBS Group reduced their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Citigroup raised their price objective on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $47.25.

Hedge Funds Weigh In On Ziff Davis

A number of hedge funds have recently made changes to their positions in the stock. Pale Fire Capital SE increased its holdings in Ziff Davis by 130.0% in the first quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company’s stock worth $116,790,000 after purchasing an additional 1,573,414 shares in the last quarter. First Trust Advisors LP increased its holdings in Ziff Davis by 689.6% in the first quarter. First Trust Advisors LP now owns 974,591 shares of the technology company’s stock worth $40,894,000 after purchasing an additional 851,163 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Ziff Davis by 260.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock worth $21,005,000 after purchasing an additional 431,828 shares in the last quarter. LSV Asset Management increased its holdings in Ziff Davis by 75.6% in the third quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock worth $29,440,000 after purchasing an additional 332,674 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in Ziff Davis by 86.0% in the third quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock worth $15,562,000 after purchasing an additional 188,844 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

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.