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

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay purchased 1,282 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the acquisition, the director now owns 18,655 shares of the company’s stock, valued at approximately $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 accessible through the SEC website.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $39.08 on Wednesday. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $68.91. The company has a 50-day moving average of $52.38 and a 200-day moving average of $51.37. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 33.12 and a beta of 1.36. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

ZD has been the subject of several recent analyst reports. Barclays increased their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Citigroup reduced their price objective 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. UBS Group lowered their target price on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced 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 note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Institutional Investors Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new position in Ziff Davis in the 4th quarter worth about $755,000. Western Wealth Management LLC purchased a new stake in Ziff Davis during the fourth quarter valued at about $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ziff Davis by 17.7% in 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 worth $8,529,000 after buying an additional 23,623 shares during the period. Sherbrooke Park Advisers LLC raised its stake in Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock valued at $292,000 after purchasing an additional 527 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $1,365,000 after buying an additional 216 shares during the period. 99.76% of the stock is 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.