Bridgeway Capital Management LLC Boosts Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Bridgeway Capital Management LLC increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 12.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 211,107 shares of the technology company’s stock after acquiring an additional 22,932 shares during the period. Bridgeway Capital Management LLC’s holdings in Ziff Davis were worth $11,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Ziff Davis in the third quarter worth $37,000. Franklin Resources Inc. acquired a new position in Ziff Davis during the 3rd quarter worth $986,000. Principal Financial Group Inc. increased its holdings in Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after purchasing an additional 56,352 shares during the period. Assenagon Asset Management S.A. raised its position in Ziff Davis by 170.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock valued at $14,115,000 after purchasing an additional 163,708 shares in the last quarter. Finally, Brave Asset Management Inc. boosted its stake in shares of Ziff Davis by 3.9% in the 4th quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock valued at $19,754,000 after buying an additional 13,659 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Trading Down 0.9 %

Shares of Ziff Davis stock opened at $31.45 on Wednesday. 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 company has a fifty day simple moving average of $35.77 and a 200-day simple moving average of $47.42. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 26.65 and a beta of 1.57. Ziff Davis, Inc. has a 12-month low of $29.15 and a 12-month high of $60.62.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZD shares. UBS Group cut their target price 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. JPMorgan Chase & Co. lowered shares of Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Citigroup lowered their target price on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Hold” and an average target price of $58.33.

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter acquired 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares of the company’s stock, valued at $640,652.19. This represents a 18.06 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $39.00 per share, with a total value of $49,998.00. Following the transaction, the director now owns 18,655 shares of the company’s stock, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 5,028 shares of company stock worth $198,024 over the last 90 days. Corporate insiders own 2.16% of the company’s stock.

Ziff Davis 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.