Quadrant Capital Group LLC Has $80,000 Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Posted by Defense World Staff on Jun 6th, 2023

Quadrant Capital Group LLC boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,011 shares of the technology company’s stock after purchasing an additional 289 shares during the period. Quadrant Capital Group LLC’s holdings in Ziff Davis were worth $80,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation N.A. bought a new position in Ziff Davis during the first quarter valued at about $25,000. Belpointe Asset Management LLC bought a new position in Ziff Davis during the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC bought a new position in shares of Ziff Davis in the fourth quarter worth about $42,000. Ronald Blue Trust Inc. increased its stake in shares of Ziff Davis by 129.3% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,087 shares of the technology company’s stock worth $75,000 after purchasing an additional 613 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of Ziff Davis in the first quarter worth about $100,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Ziff Davis Stock Down 1.4 %

NASDAQ ZD opened at $63.55 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $69.64 and its two-hundred day moving average is $78.44. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 109.57 and a beta of 1.16. Ziff Davis, Inc. has a 1-year low of $58.08 and a 1-year high of $94.58.

Insider Buying and Selling at Ziff Davis

In related news, CEO Vivek Shah acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $58.86 per share, with a total value of $588,600.00. Following the completion of the acquisition, the chief executive officer now owns 120,000 shares of the company’s stock, valued at $7,063,200. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ziff Davis news, CEO Vivek Shah bought 10,000 shares of Ziff Davis stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $58.86 per share, with a total value of $588,600.00. Following the acquisition, the chief executive officer now directly owns 120,000 shares of the company’s stock, valued at $7,063,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeremy Rossen bought 1,000 shares of Ziff Davis stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $58.45 per share, for a total transaction of $58,450.00. Following the completion of the acquisition, the executive vice president now directly owns 10,699 shares in the company, valued at $625,356.55. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 13,777 shares of company stock valued at $814,890. 2.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ZD has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Ziff Davis from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 17th. TheStreet lowered Ziff Davis from a “b-” rating to a “c” rating in a research note on Tuesday, May 9th. Wedbush dropped their price objective on Ziff Davis from $93.00 to $80.00 in a research note on Thursday, May 11th. Finally, Barclays decreased their target price on Ziff Davis from $85.00 to $75.00 in a research report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.

Ziff Davis Company Profile

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Ziff Davis, Inc is a digital media and internet company. Its portfolio includes brands in technology, shopping, gaming and entertainment, connectivity, health, cybersecurity, and martech. It operates through the following segments: Digital Media, and Cybersecurity and Martech. The Digital Media segment specializes in the technology, shopping, gaming and entertainment, and healthcare markets, offering content, tools, and services to consumers and businesses.