Insider Selling: Ziff Davis (NASDAQ:ZD) EVP Sells $198,875.25 in Stock

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

Ziff Davis Price Performance

NASDAQ:ZD opened at $45.07 on Monday. Ziff Davis, Inc. has a one year low of $22.45 and a one year 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 stock has a market cap of $1.66 billion, a PE ratio of 39.89 and a beta of 1.13. The stock has a 50 day moving average price of $43.96 and a 200 day moving average price of $38.12.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Ziff Davis by 2.4% during the first 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 buying an additional 3,696 shares during the period. Invesco Ltd. boosted its position in shares of Ziff Davis by 1.3% during the second quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock worth $5,709,000 after buying an additional 2,347 shares during the period. First Trust Advisors LP boosted its position in shares of Ziff Davis by 46.2% during the second quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock worth $3,044,000 after buying an additional 31,765 shares during the period. Jump Financial LLC purchased a new position in shares of Ziff Davis during the second quarter worth $927,000. Finally, Cerity Partners LLC purchased a new position in shares of Ziff Davis during the second quarter worth $380,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZD. Evercore reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Ziff Davis in a report on Tuesday, May 12th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Susquehanna increased their price objective on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Barclays increased their price objective on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.25.

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.