Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) Director Teresa A. Harris bought 593 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $42.11 per share, for a total transaction of $24,971.23. Following the completion of the purchase, the director now directly owns 9,233 shares in the company, valued at approximately $388,801.63. The trade was a 6.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ziff Davis Stock Down 2.2 %
NASDAQ:ZD traded down $0.86 on Tuesday, reaching $39.08. 816,183 shares of the stock traded hands, compared to its average volume of 377,799. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 33.12 and a beta of 1.36. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $68.91. The company's fifty day simple moving average is $52.38 and its 200 day simple moving average is $51.37.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ZD shares. Citigroup dropped their target price on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. UBS Group dropped their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Barclays increased their target price on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. dropped their target price on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of "Moderate Buy" and an average price target of $65.67.
Read Our Latest Report on Ziff Davis
Institutional Trading of Ziff Davis
A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ziff Davis by 0.9% during 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 acquiring an additional 216 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after buying an additional 249 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after buying an additional 260 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock worth $424,000 after buying an additional 271 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.
About Ziff Davis
(
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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.
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