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 firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $42.11 per share, for a total transaction of $24,971.23. Following the purchase, the director now directly owns 9,233 shares in the company, valued at $388,801.63. This trade represents a 6.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ziff Davis Stock Performance

NASDAQ ZD opened at $41.06 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 34.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $52.69 and a two-hundred day simple moving average of $51.32. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.02.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of ZD. Pacer Advisors Inc. boosted its holdings in shares of Ziff Davis by 100,954.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock worth $23,626,000 after purchasing an additional 342,207 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Ziff Davis by 8.5% during 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 last quarter. Legal & General Group Plc lifted its stake in shares of Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after acquiring an additional 267,436 shares during the last quarter. Finally, CDAM UK Ltd lifted its stake in shares of Ziff Davis by 16.6% during the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after acquiring an additional 213,071 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ZD has been the topic of several recent analyst reports. UBS Group decreased their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut 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. Finally, Citigroup cut their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.