Bret Richter Acquires 2,500 Shares of Ziff Davis, Inc. (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) CFO Bret Richter acquired 2,500 shares of the stock in a transaction 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 completion of the acquisition, the chief financial officer now directly owns 16,339 shares of the company’s stock, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Ziff Davis Stock Up 3.6 %

Shares of NASDAQ ZD traded up $1.38 during trading on Thursday, reaching $39.55. The company had a trading volume of 375,812 shares, compared to its average volume of 382,535. The business’s 50-day moving average is $52.03 and its 200 day moving average is $51.34. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.69 billion, a PE ratio of 33.52 and a beta of 1.42. Ziff Davis, Inc. has a 12-month low of $37.62 and a 12-month high of $68.91.

Institutional Trading of Ziff Davis

Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new stake in Ziff Davis during the 4th quarter valued at $755,000. Western Wealth Management LLC bought a new position in shares of Ziff Davis during the fourth quarter valued at $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ziff Davis by 17.7% during 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 valued at $8,529,000 after buying an additional 23,623 shares during the last quarter. Sherbrooke Park Advisers LLC increased its holdings in Ziff Davis by 10.9% in the 4th 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 position in Ziff Davis by 0.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock worth $1,365,000 after buying an additional 216 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZD. UBS Group decreased their target price 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. 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 report on Monday, November 11th. Citigroup reduced their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

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.