Insider Selling: Ziff Davis (NASDAQ:ZD) Director Sells 2,513 Shares of Stock

Key Points

• Ziff Davis director W. Brian Kretzmer sold 2,513 shares at an average price of $55.31, totaling $138,994.03. His remaining stake is 20,000 shares, an 11.16% reduction.
• Ziff Davis shares traded near $55.42, close to their 52-week high of $58.06. The company recently reported quarterly EPS of $1.03, beating estimates of $0.81, although revenue declined 18.7% year over year.
• Analyst sentiment is mixed, with three Buy, five Hold and one Sell rating; the average price target is $56.62. Institutional investors own approximately 99.76% of the company.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) Director W Brian Kretzmer sold 2,513 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total value of $138,994.03. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $1,106,200. This represents a 11.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ziff Davis Price Performance

Shares of ZD stock traded down $0.08 during trading hours on Thursday, hitting $55.42. 183,540 shares of the company's stock were exchanged, compared to its average volume of 790,718. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $58.06. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 3.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 2.16. The stock's 50-day moving average is $51.63 and its 200-day moving average is $44.59.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. The business had revenue of $286.74 million during the quarter, compared to analysts' expectations of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The firm's revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Ziff Davis from $48.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. UBS Group raised their price target on shares of Ziff Davis from $30.00 to $59.00 and gave the company a "neutral" rating in a report on Wednesday, August 12th. Barclays boosted their price objective on shares of Ziff Davis from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Monday, May 11th. Susquehanna upped their price objective on Ziff Davis from $60.00 to $75.00 and gave the stock a "positive" rating in a report on Monday, August 10th. Finally, Zacks Research cut Ziff Davis from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ziff Davis currently has an average rating of "Hold" and an average price target of $56.62.

Institutional Trading of Ziff Davis

A number of large investors have recently made changes to their positions in ZD. Federated Hermes Inc. bought a new position in Ziff Davis during the fourth quarter worth about $25,000. NBC Securities Inc. raised its position in shares of Ziff Davis by 121.2% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company's stock worth $31,000 after purchasing an additional 485 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company's stock valued at $31,000 after purchasing an additional 590 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Ziff Davis by 226.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company's stock valued at $35,000 after purchasing an additional 687 shares during the period. Finally, Allworth Financial LP bought a new stake in Ziff Davis during the 2nd quarter worth approximately $44,000. Institutional investors own 99.76% of the company's stock.

About Ziff Davis

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.

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