Ziff Davis (NASDAQ:ZD) Director Purchases $49,949.06 in Stock

Key Points

• Director Sarah Ann Fay of Ziff Davis purchased 1,354 shares of the company's stock for $49,949.06, increasing her position by 6.08% to a total of 23,619 shares valued at $871,304.91.
• Ziff Davis reported $1.24 earnings per share for the last quarter, exceeding estimates of $1.22, with a revenue of $352.21 million, surpassing expectations of $337.47 million.
• Institutional investors hold 99.76% of Ziff Davis stock, indicating strong support from hedge funds, while analysts maintain an average rating of "Hold" for the stock with a target price of $38.83.

Ziff Davis, Inc. (NASDAQ:ZD - Get Free Report) Director Sarah Ann Fay acquired 1,354 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was acquired at an average price of $36.89 per share, with a total value of $49,949.06. Following the completion of the acquisition, the director directly owned 23,619 shares of the company's stock, valued at $871,304.91. This represents a 6.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded up $0.02 during mid-day trading on Monday, hitting $36.65. The company had a trading volume of 499,251 shares, compared to its average volume of 543,062. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59. The business's 50-day simple moving average is $34.62 and its 200-day simple moving average is $34.27. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $60.62. The firm has a market cap of $1.50 billion, a P/E ratio of 24.43 and a beta of 1.58.

Ziff Davis (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.02. The company had revenue of $352.21 million during the quarter, compared to analyst estimates of $337.47 million. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The company's revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $1.18 earnings per share. As a group, analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Institutional Trading of Ziff Davis

A number of hedge funds have recently added to or reduced their stakes in ZD. GAMMA Investing LLC increased its position in Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after acquiring an additional 426 shares during the period. Allworth Financial LP boosted its position in shares of Ziff Davis by 149.8% in the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company's stock worth $31,000 after buying an additional 617 shares during the period. TD Private Client Wealth LLC acquired a new stake in Ziff Davis during the second quarter valued at $37,000. State of Wyoming acquired a new stake in Ziff Davis during the first quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Ziff Davis during the first quarter valued at $57,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ZD. Piper Sandler set a $40.00 price target on shares of Ziff Davis in a research note on Friday, August 8th. Barclays reissued a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ziff Davis presently has an average rating of "Hold" and an average target price of $38.83.

About Ziff Davis

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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