Invenomic Capital Management LP Purchases 26,944 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Invenomic Capital Management LP boosted its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,120 shares of the technology company's stock after buying an additional 26,944 shares during the period. Invenomic Capital Management LP owned about 0.30% of Ziff Davis worth $6,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after buying an additional 272,895 shares in the last quarter. Gotham Asset Management LLC grew its position in Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock valued at $424,000 after acquiring an additional 271 shares during the period. Deutsche Bank AG raised its stake in Ziff Davis by 132.7% during the fourth quarter. Deutsche Bank AG now owns 63,353 shares of the technology company's stock worth $3,443,000 after acquiring an additional 36,131 shares in the last quarter. Centiva Capital LP bought a new position in shares of Ziff Davis during the fourth quarter valued at $475,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Ziff Davis by 12.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 211,107 shares of the technology company's stock valued at $11,472,000 after purchasing an additional 22,932 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Insider Buying and Selling

In related news, Director W Brian Kretzmer purchased 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now directly owns 12,968 shares of the company's stock, valued at approximately $497,063.44. This trade represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bret Richter acquired 2,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the acquisition, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. The trade was a 18.06% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 5,028 shares of company stock worth $198,024 over the last three months. 2.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research report on Monday. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and cut their target price for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Citigroup decreased their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. UBS Group reduced their price objective 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. Finally, Barclays decreased their target price on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Ziff Davis currently has an average rating of "Hold" and a consensus price target of $49.67.

Ziff Davis Trading Down 1.6%

Shares of ZD stock traded down $0.54 on Wednesday, reaching $33.45. 532,262 shares of the stock were exchanged, compared to its average volume of 517,746. The stock has a market cap of $1.44 billion, a PE ratio of 28.35 and a beta of 1.57. Ziff Davis, Inc. has a one year low of $29.15 and a one year high of $60.62. 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 stock has a 50 day moving average price of $34.94 and a 200 day moving average price of $46.86.

Ziff Davis 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.