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

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer purchased 653 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Ziff Davis Trading Up 4.3 %

ZD opened at $40.85 on Friday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 34.62 and a beta of 1.42. The firm’s 50 day moving average is $51.03 and its 200-day moving average is $51.18. Ziff Davis, Inc. has a 52-week low of $37.62 and a 52-week high of $68.53. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Institutional Trading of Ziff Davis

A number of hedge funds have recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter worth approximately $35,000. Quadrant Capital Group LLC grew its position in shares of Ziff Davis by 278.9% during 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis during the third quarter worth approximately $37,000. Summit Securities Group LLC acquired a new stake in shares of Ziff Davis during the fourth quarter worth approximately $37,000. Finally, First Horizon Advisors Inc. grew its position in shares of 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 buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZD. JPMorgan Chase & Co. cut their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Citigroup cut their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Barclays raised 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. Finally, UBS Group cut their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ziff Davis 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.