Jeremy Rossen Sells 8,000 Shares of Ziff Davis (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZDGet Free Report) EVP Jeremy Rossen sold 8,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the transaction, the executive vice president directly owned 14,462 shares in the company, valued at approximately $679,714. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $198,875.25.

Ziff Davis Stock Down 4.5%

Ziff Davis stock opened at $45.81 on Friday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 40.54 and a beta of 1.12. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $44.25 and its two-hundred day moving average price is $38.59. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55.

Ziff Davis (NASDAQ:ZDGet Free Report) last released its 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. The firm had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. Ziff Davis’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, analysts expect that Ziff Davis, Inc. will post 4.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ZD. Piper Sandler set a $48.00 target price on shares of Ziff Davis in a research note on Monday, May 11th. Zacks Research cut shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, Susquehanna lifted their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday, May 5th. 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 has a consensus rating of “Hold” and an average target price of $47.25.

Get Our Latest Stock Report on ZD

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in shares of Ziff Davis in the fourth quarter worth approximately $25,000. Hantz Financial Services Inc. increased its position in shares of Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares in the last quarter. NBC Securities Inc. increased its position in shares of Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after acquiring an additional 485 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after acquiring an additional 611 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of 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 acquiring an additional 687 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

About Ziff Davis

(Get Free Report)

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.

Further Reading

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