Ziff Davis (NASDAQ:ZD) Director Kirk Mcdonald Sells 1,075 Shares of 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 transaction, the director owned 13,468 shares of the company’s stock, valued at $628,282.20. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ziff Davis Trading Up 1.7%

ZD stock opened at $46.60 on Tuesday. The firm has a fifty day moving average price of $44.32 and a 200 day moving average price of $38.77. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $50.55. The firm has a market cap of $1.72 billion, a PE ratio of 41.24 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66.

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

Institutional Trading of Ziff Davis

Several institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in shares of Ziff Davis during the fourth quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its stake 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 worth $31,000 after acquiring an additional 590 shares during the last quarter. NBC Securities Inc. boosted its holdings in 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 acquiring an additional 485 shares during the period. GAMMA Investing LLC grew its position in Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Ziff Davis by 226.7% in 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 period. Institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZD. Piper Sandler set a $48.00 price target on Ziff Davis in a research report on Monday, May 11th. Barclays upped their price objective 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. Royal Bank Of Canada lifted their target price on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Evercore reissued an “outperform” rating and set a $61.00 target price on shares of Ziff Davis in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Three equities 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 $47.25.

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.