Insider Buying: Ziff Davis, Inc. (NASDAQ:ZD) Director Buys 1,282 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) Director Sarah Ann Fay purchased 1,282 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ziff Davis Trading Up 4.3 %

Shares of NASDAQ:ZD traded up $1.70 during midday trading on Friday, reaching $40.85. The company's stock had a trading volume of 721,342 shares, compared to its average volume of 400,662. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 34.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50 day moving average price of $51.32 and a two-hundred day moving average price of $51.16. Ziff Davis, Inc. has a fifty-two week low of $37.62 and a fifty-two week high of $68.53.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZD. JPMorgan Chase & Co. cut their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. 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 report on Wednesday, February 26th. Citigroup cut their target price on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Ziff Davis currently has a consensus rating of "Moderate Buy" and an average price target of $65.67.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new position in shares of Ziff Davis in the 4th quarter valued at about $755,000. Western Wealth Management LLC acquired a new position in shares of Ziff Davis in the 4th quarter valued at about $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ziff Davis by 17.7% in the 4th 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 lifted its stake in shares of Ziff Davis by 10.9% in the 4th 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. lifted its stake in shares of Ziff Davis by 0.9% in the 4th 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. 99.76% of the stock is owned by institutional investors and hedge funds.

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.