Bret Richter Purchases 2,500 Shares of Ziff Davis, Inc. (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) CFO Bret Richter bought 2,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, with a total value of $98,025.00. Following the transaction, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. This represents a 18.06 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ziff Davis Price Performance

Shares of ZD traded up $1.70 during mid-day trading on Friday, reaching $40.85. The company had a trading volume of 721,342 shares, compared to its average volume of 400,662. Ziff Davis, Inc. has a twelve month low of $37.62 and a twelve month high of $68.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The company's 50-day moving average is $51.03 and its 200-day moving average is $51.18. The company has a market capitalization of $1.75 billion, a P/E ratio of 34.62 and a beta of 1.42.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZD. Citigroup decreased their target price on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Barclays raised their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group cut their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.

Remove Ads

Institutional Investors Weigh In On Ziff Davis

Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in Ziff Davis in the fourth quarter valued at $755,000. Western Wealth Management LLC acquired a new stake in Ziff Davis in the fourth quarter valued at $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ziff Davis by 17.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company's stock valued at $8,529,000 after purchasing an additional 23,623 shares during the period. Sherbrooke Park Advisers LLC increased its holdings in Ziff Davis by 10.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company's stock valued at $292,000 after purchasing an additional 527 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock valued at $1,365,000 after purchasing an additional 216 shares during the period. Institutional investors own 99.76% of the company's stock.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.