Insider Selling: Ziff Davis (NASDAQ:ZD) EVP Sells $376,000.00 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) EVP Jeremy Rossen sold 8,000 shares of Ziff Davis stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $47.00, for a total value of $376,000.00. Following the completion of the sale, the executive vice president owned 14,462 shares in the company, valued at approximately $679,714. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, May 28th, Jeremy Rossen sold 4,347 shares of Ziff Davis stock. The shares were sold at an average price of $45.75, for a total value of $198,875.25.

Ziff Davis Price Performance

Ziff Davis stock opened at $45.81 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $50.55. The company has a market cap of $1.69 billion, a PE ratio of 40.54 and a beta of 1.13. The stock’s 50 day moving average price is $44.25 and its 200 day moving average price is $38.65.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data 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 firm had revenue of $267.64 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, sell-side analysts predict that Ziff Davis, Inc. will post 4.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZD. Citigroup boosted their price target on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. JPMorgan Chase & Co. cut their price target on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Susquehanna boosted their price target on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. Three equities research 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. Based on data from MarketBeat.com, Ziff Davis has an average rating of “Hold” and an average price target of $47.25.

Institutional Investors Weigh In On Ziff Davis

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in Ziff Davis by 17.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company’s stock valued at $92,000 after buying an additional 319 shares during the period. NBC Securities Inc. boosted its position 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 buying an additional 485 shares during the period. California State Teachers Retirement System boosted its position in Ziff Davis by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after buying an additional 550 shares during the period. Hantz Financial Services Inc. boosted its position in 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 period. Finally, GAMMA Investing LLC boosted its position in 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 period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.