Ziff Davis, Inc. (NASDAQ:ZD) Director Teresa A. Harris Purchases 593 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Teresa A. Harris bought 593 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $42.11 per share, with a total value of $24,971.23. Following the acquisition, the director now directly owns 9,233 shares of the company’s stock, valued at approximately $388,801.63. This represents a 6.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ziff Davis Price Performance

Shares of Ziff Davis stock traded down $0.25 on Friday, reaching $41.06. 709,567 shares of the stock were exchanged, compared to its average volume of 361,186. The firm’s 50 day moving average is $52.99 and its 200-day moving average is $51.27. The firm has a market cap of $1.75 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 quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.02.

Analyst Ratings Changes

ZD has been the subject of several analyst reports. Citigroup dropped their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays lifted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group reduced their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZD. Creative Planning lifted its holdings in shares of Ziff Davis by 128.5% in the third quarter. Creative Planning now owns 13,347 shares of the technology company’s stock worth $649,000 after acquiring an additional 7,507 shares during the last quarter. International Assets Investment Management LLC increased its position in Ziff Davis by 31,812.6% during the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock worth $3,199,000 after purchasing an additional 65,534 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Ziff Davis by 66.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 8,600 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Ziff Davis by 401.6% in the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock valued at $1,242,000 after buying an additional 20,437 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in Ziff Davis by 2.8% in the third quarter. New York State Teachers Retirement System now owns 60,762 shares of the technology company’s stock valued at $2,957,000 after buying an additional 1,639 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

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.