Ziff Davis, Inc. (NASDAQ:ZD) Director Teresa A. Harris Acquires 593 Shares

Ziff Davis, Inc. (NASDAQ:ZD) Director Teresa A. Harris bought 593 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $42.11 per share, for a total transaction of $24,971.23. Following the completion of the acquisition, the director now owns 9,233 shares in the company, valued at $388,801.63. This represents a 6.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ziff Davis Trading Down 0.6 %

Shares of ZD opened at $41.06 on Friday. The business has a 50-day moving average of $52.99 and a 200 day moving average of $51.27. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.02. The firm has a market cap of $1.75 billion, a P/E ratio of 34.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZD. Citigroup dropped their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays raised their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group dropped 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. Finally, JPMorgan Chase & Co. decreased their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Institutional Investors Weigh In On Ziff Davis

Several large investors have recently added to or reduced their stakes in ZD. Mackenzie Financial Corp purchased a new stake in shares of Ziff Davis in the fourth quarter worth about $755,000. Western Wealth Management LLC purchased a new stake in shares of Ziff Davis in the fourth quarter worth about $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ziff Davis by 17.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company’s stock worth $8,529,000 after buying an additional 23,623 shares in the last quarter. Sherbrooke Park Advisers LLC lifted its holdings in shares of Ziff Davis by 10.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock worth $292,000 after buying an additional 527 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock valued at $1,365,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.