Ziff Davis, Inc. (NASDAQ:ZD) Director Purchases $25,029.49 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer acquired 653 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the acquisition, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ziff Davis Stock Performance

Shares of ZD opened at $40.85 on Friday. Ziff Davis, Inc. has a 1 year low of $37.62 and a 1 year high of $68.53. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 34.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a fifty day moving average of $51.03 and a 200-day moving average of $51.18.

Institutional Investors Weigh In On Ziff Davis

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after purchasing an additional 272,895 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Ziff Davis by 12.4% during the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock valued at $131,826,000 after purchasing an additional 267,436 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ziff Davis by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock valued at $131,112,000 after purchasing an additional 118,979 shares in the last quarter. CDAM UK Ltd raised its stake in shares of Ziff Davis by 16.6% during the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after purchasing an additional 213,071 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ziff Davis by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after purchasing an additional 36,863 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.