Lori Tansley Sells 1,400 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) CAO Lori Tansley sold 1,400 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $54.76, for a total transaction of $76,664.00. Following the completion of the transaction, the chief accounting officer owned 767 shares of the company’s stock, valued at approximately $42,000.92. This represents a 64.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $55.38 on Friday. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $58.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 2.16. The firm has a market cap of $1.90 billion, a P/E ratio of 3.13 and a beta of 1.08. The firm’s 50-day simple moving average is $51.11 and its 200-day simple moving average is $44.23.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. The firm had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The company’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share.

Analyst Ratings Changes

ZD has been the topic of several recent analyst reports. Susquehanna boosted their price target on Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Monday, August 10th. UBS Group boosted their target price on shares of Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Barclays lifted their price target on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Evercore reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Ziff Davis in a research note on Monday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.62.

Institutional Trading of Ziff Davis

Several hedge funds have recently modified their holdings of ZD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Ziff Davis by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 3,696 shares during the last quarter. Invesco Ltd. boosted its position in Ziff Davis by 1.3% in the 2nd quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock valued at $5,709,000 after buying an additional 2,347 shares during the last quarter. First Trust Advisors LP boosted its position in Ziff Davis by 46.2% in the 2nd quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock valued at $3,044,000 after buying an additional 31,765 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Ziff Davis in the 2nd quarter valued at $927,000. Finally, Cerity Partners LLC acquired a new stake in shares of Ziff Davis in the 2nd quarter valued at $380,000. 99.76% of the stock is owned by 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.