Ziff Davis, Inc. (NASDAQ:ZD) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP raised its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 26.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,120 shares of the technology company's stock after buying an additional 26,944 shares during the quarter. Invenomic Capital Management LP owned about 0.30% of Ziff Davis worth $6,962,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of Ziff Davis during the fourth quarter valued at approximately $35,000. Quadrant Capital Group LLC boosted its position in Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after purchasing an additional 488 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis during the 3rd quarter worth $37,000. Summit Securities Group LLC acquired a new stake in Ziff Davis in the fourth quarter worth $37,000. Finally, First Horizon Advisors Inc. increased its position in 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 period. Institutional investors own 99.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ZD shares. Barclays reduced their price target on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Susquehanna decreased 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. Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, UBS Group reduced their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $49.67.

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter purchased 2,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This trade represents a 18.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Brian Kretzmer purchased 653 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares in the company, valued at $497,063.44. This trade represents a 5.30% 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 valued at $198,024. Company insiders own 2.16% of the company's stock.

Ziff Davis Price Performance

ZD stock traded down $0.35 during trading on Friday, hitting $32.59. The company had a trading volume of 690,592 shares, compared to its average volume of 518,944. The business has a 50 day moving average of $34.81 and a 200 day moving average of $46.76. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.62 and a beta of 1.57. 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 fifty-two week low of $29.15 and a fifty-two week high of $60.62.

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.