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

Ziff Davis, Inc. (NASDAQ:ZD) Director Teresa A. Harris bought 593 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $42.11 per share, for a total transaction of $24,971.23. Following the completion of the purchase, the director now owns 9,233 shares of the company’s stock, valued at approximately $388,801.63. The trade was a 6.86 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Ziff Davis Stock Down 0.6 %

ZD stock opened at $41.06 on Friday. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.02. The business’s 50-day moving average is $52.69 and its two-hundred day moving average is $51.32. 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 company has a market cap of $1.76 billion, a price-to-earnings ratio of 34.80 and a beta of 1.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of Ziff Davis in the fourth quarter worth about $35,000. Quadrant Capital Group LLC raised its stake in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after buying an additional 488 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Ziff Davis in the third quarter worth about $37,000. Summit Securities Group LLC bought a new position in shares of Ziff Davis in the fourth quarter worth about $37,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after buying an additional 260 shares during the period. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ZD. JPMorgan Chase & Co. dropped their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday. 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 report on Wednesday. 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 report on Wednesday. Finally, Barclays increased 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. 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.com, the company presently has an average 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.