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

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay bought 1,282 shares of Ziff Davis stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now owns 18,655 shares in the company, valued at $727,545. This represents a 7.38 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Ziff Davis Trading Up 2.6 %

Shares of ZD opened at $39.15 on Friday. Ziff Davis, Inc. has a twelve month low of $37.62 and a twelve month high of $68.91. The firm has a market capitalization of $1.68 billion, a P/E ratio of 33.18 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. The stock’s fifty day simple moving average is $51.67 and its 200 day simple moving average is $51.25.

Hedge Funds Weigh In On Ziff Davis

A number of large investors have recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after acquiring an additional 1,265,967 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock valued at $23,626,000 after purchasing an additional 342,207 shares in the last quarter. Janus Henderson Group PLC raised its position 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 valued at $189,512,000 after purchasing an additional 272,895 shares during the period. Legal & General Group Plc raised its position 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 valued at $131,826,000 after purchasing an additional 267,436 shares during the period. Finally, CDAM UK Ltd lifted its stake in shares of Ziff Davis by 16.6% during the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after purchasing an additional 213,071 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZD. UBS Group reduced their price objective 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. Barclays raised their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Citigroup dropped their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company 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 report 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.