Lori Tansley Sells 1,400 Shares of Ziff Davis (NASDAQ:ZD) Stock

Key Points

• Ziff Davis CAO Lori Tansley sold 1,400 shares at an average price of $54.76, generating $76,664. Following the transaction, her holdings fell 64.61% to 767 shares.
• Ziff Davis reported quarterly EPS of $1.03, beating analysts’ $0.81 estimate, while revenue of $286.74 million slightly exceeded forecasts. However, revenue declined 18.7% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $56.62; targets range from $48 to $75. Institutional investors own approximately 99.76% of the company’s stock.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) CAO Lori Tansley sold 1,400 shares of Ziff Davis stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total transaction of $76,664.00. Following the sale, the chief accounting officer owned 767 shares in the company, valued at $42,000.92. This represents a 64.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ziff Davis Price Performance

Shares of ZD stock traded up $0.97 during mid-day trading on Thursday, reaching $55.91. The company's stock had a trading volume of 554,916 shares, compared to its average volume of 802,757. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $58.06. The company has a market cap of $1.92 billion, a P/E ratio of 3.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 2.16. The firm's 50-day moving average is $50.76 and its two-hundred day moving average is $44.03.

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

Analysts Set New Price Targets

ZD has been the topic of several analyst reports. Weiss Ratings upgraded Ziff Davis from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday. Zacks Research downgraded Ziff Davis from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 6th. Piper Sandler set a $48.00 price target on Ziff Davis in a research note on Monday, May 11th. Susquehanna upped their price target on Ziff Davis from $60.00 to $75.00 and gave the company a "positive" rating in a research report on Monday. Finally, Barclays increased their price objective on Ziff Davis from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ziff Davis presently has an average rating of "Hold" and an average price target of $56.62.

Hedge Funds Weigh In On Ziff Davis

Several institutional investors have recently bought and sold shares of ZD. Elevation Point Wealth Partners LLC acquired a new position in Ziff Davis in the second quarter worth $320,000. Allworth Financial LP acquired a new position in Ziff Davis during the 2nd quarter worth about $44,000. Tocqueville Asset Management L.P. acquired a new stake in Ziff Davis in the 2nd quarter valued at about $10,276,000. Great Lakes Advisors LLC bought a new position in shares of Ziff Davis in the second quarter worth about $2,870,000. Finally, Deutsche Bank AG bought a new stake in shares of Ziff Davis during the second quarter valued at approximately $2,160,000. 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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