Proficio Capital Partners LLC Makes New $1.43 Million Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Proficio Capital Partners LLC acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 26,246 shares of the technology company's stock, valued at approximately $1,426,000. Proficio Capital Partners LLC owned about 0.06% of Ziff Davis at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Atria Investments Inc raised its stake in shares of Ziff Davis by 36.3% during the 3rd quarter. Atria Investments Inc now owns 8,396 shares of the technology company's stock worth $409,000 after buying an additional 2,234 shares in the last quarter. Victory Capital Management Inc. raised its position in Ziff Davis by 69.8% in the third quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company's stock worth $2,623,000 after acquiring an additional 22,155 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Ziff Davis in the third quarter valued at $217,000. Intech Investment Management LLC boosted its position in shares of Ziff Davis by 213.6% during the 3rd quarter. Intech Investment Management LLC now owns 12,689 shares of the technology company's stock worth $617,000 after purchasing an additional 8,643 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company's stock worth $33,845,000 after purchasing an additional 60,472 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter acquired 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This represents a 18.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the transaction, the director now owns 18,655 shares of the company's stock, valued at $727,545. The trade was a 7.38 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 5,028 shares of company stock worth $198,024. 2.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group reduced their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Citigroup reduced their price target on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $65.67.

Ziff Davis Price Performance

Shares of ZD stock traded up $0.67 during trading hours on Monday, hitting $42.49. The company's stock had a trading volume of 375,728 shares, compared to its average volume of 459,528. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $48.42 and a 200-day moving average of $50.75. Ziff Davis, Inc. has a twelve month low of $37.62 and a twelve month high of $63.87. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 36.01 and a beta of 1.42.

About Ziff Davis

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.