Insider Buying: Ziff Davis, Inc. (NASDAQ:ZD) Director Buys 1,282 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the acquisition, the director now directly owns 18,655 shares of the company’s stock, valued at $727,545. The trade was a 7.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ziff Davis Trading Up 0.4 %

ZD traded up $0.18 during trading on Tuesday, hitting $40.12. The company’s stock had a trading volume of 426,550 shares, compared to its average volume of 367,845. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $68.91. The stock has a market cap of $1.72 billion, a PE ratio of 34.01 and a beta of 1.36. The firm’s 50 day moving average price is $52.38 and its 200-day moving average price is $51.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. UBS Group dropped their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays boosted their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.67.

Hedge Funds Weigh In On Ziff Davis

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ziff Davis by 0.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock valued at $1,365,000 after acquiring an additional 216 shares during the last quarter. TD Private Client Wealth LLC increased its position in Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 249 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of Ziff Davis by 3.6% in the 4th quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company’s stock valued at $424,000 after purchasing an additional 271 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Ziff Davis by 278.9% in 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 last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.