Brave Asset Management Inc. boosted its holdings in Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,233 shares of the technology company’s stock after purchasing an additional 1,870 shares during the period. Ziff Davis comprises 9.4% of Brave Asset Management Inc.’s holdings, making the stock its 2nd largest position. Brave Asset Management Inc. owned approximately 0.60% of Ziff Davis worth $21,035,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in shares of Ziff Davis in the first quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Ziff Davis during the first quarter valued at approximately $26,000. Allworth Financial LP purchased a new stake in shares of Ziff Davis in the first quarter valued at approximately $28,000. JJJ Advisors Inc. purchased a new stake in Ziff Davis during the first quarter worth $30,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Ziff Davis during the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 99.02% of the company’s stock.
Ziff Davis Trading Down 0.6 %
Ziff Davis stock traded down $0.46 during mid-day trading on Friday, hitting $71.23. The company’s stock had a trading volume of 9,679 shares, compared to its average volume of 263,564. Ziff Davis, Inc. has a one year low of $68.42 and a one year high of $143.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.12 and a current ratio of 2.12. The company has a 50 day moving average of $79.96 and a 200-day moving average of $83.52. The stock has a market cap of $3.36 billion, a PE ratio of 9.20 and a beta of 1.02.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Evercore ISI started coverage on shares of Ziff Davis in a research note on Tuesday. They issued an “outperform” rating and a $90.00 price target for the company. JMP Securities cut their price target on shares of Ziff Davis from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Thursday, August 11th. Royal Bank of Canada lowered their price target on shares of Ziff Davis from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, August 11th. Susquehanna cut their price objective on shares of Ziff Davis from $140.00 to $120.00 and set a “positive” rating on the stock in a research report on Thursday, August 11th. Finally, Susquehanna Bancshares lowered their price objective on shares of Ziff Davis from $140.00 to $120.00 and set a “positive” rating on the stock in a research note on Thursday, August 11th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $104.29.
Insider Buying and Selling at Ziff Davis
In related news, Director Sarah Ann Fay acquired 1,162 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were bought at an average cost of $86.49 per share, with a total value of $100,501.38. Following the completion of the transaction, the director now directly owns 11,070 shares of the company’s stock, valued at approximately $957,444.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by company insiders.
Ziff Davis Profile
Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.
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