Ziff Davis, Inc. (NASDAQ:ZD) Director Buys $49,998.00 in Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay purchased 1,282 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Ziff Davis Stock Performance

Shares of NASDAQ ZD opened at $39.15 on Friday. 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 firm’s 50-day moving average price is $51.67 and its two-hundred day moving average price is $51.25. Ziff Davis, Inc. has a 52-week low of $37.62 and a 52-week high of $68.91. The stock has a market capitalization of $1.68 billion, a P/E ratio of 33.18 and a beta of 1.42.

Institutional Trading of Ziff Davis

Several hedge funds have recently made changes to their positions in ZD. Janus Henderson Group PLC increased its holdings in shares of Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after acquiring an additional 272,895 shares during the period. Legal & General Group Plc increased its stake in shares of Ziff Davis by 12.4% in 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 during the period. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 118,979 shares during the last quarter. CDAM UK Ltd raised its holdings 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 buying an additional 213,071 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 worth $62,040,000 after buying an additional 36,863 shares during the period. Institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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