W Brian Kretzmer Purchases 653 Shares of Ziff Davis, Inc. (NASDAQ:ZD) Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer purchased 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $40.85 on Friday. The firm has a market cap of $1.75 billion, a P/E ratio of 34.62 and a beta of 1.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 12 month low of $37.62 and a 12 month high of $68.53. The stock’s fifty day moving average price is $51.32 and its 200-day moving average price is $51.16.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their target price 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. UBS Group reduced 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, February 26th. Citigroup reduced their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ziff Davis presently 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 have recently added to or reduced their stakes in ZD. Pacer Advisors Inc. boosted its position in Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after purchasing an additional 1,265,967 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Ziff Davis by 369.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock worth $23,626,000 after acquiring an additional 342,207 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Ziff Davis by 8.5% in the fourth 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 in the last quarter. Legal & General Group Plc boosted its holdings in 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 worth $131,826,000 after acquiring an additional 267,436 shares in the last quarter. Finally, CDAM UK Ltd boosted its holdings in Ziff Davis by 16.6% in the fourth 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 in the last quarter. Institutional investors own 99.76% of the company’s stock.

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.