Vise Technologies Inc. Acquires Shares of 3,524 Ziff Davis, Inc. (NASDAQ:ZD)

Vise Technologies Inc. acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,524 shares of the technology company's stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ZD. Rice Hall James & Associates LLC purchased a new stake in shares of Ziff Davis during the 1st quarter worth approximately $63,717,000. Raymond James & Associates bought a new stake in Ziff Davis in the 1st quarter valued at about $3,469,000. US Bancorp DE purchased a new stake in Ziff Davis during the first quarter valued at about $539,000. HighTower Advisors LLC bought a new stake in shares of Ziff Davis in the first quarter valued at approximately $241,000. Finally, Citigroup Inc. bought a new position in Ziff Davis in the 1st quarter worth approximately $707,000.

Shares of ZD opened at $66.83 on Tuesday. Ziff Davis, Inc. has a fifty-two week low of $58.08 and a fifty-two week high of $94.58. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 34.63 and a beta of 1.21. The firm has a 50 day moving average price of $69.62 and a 200-day moving average price of $72.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.47 and a current ratio of 2.46.

Several equities analysts recently commented on the stock. Barclays reduced their price objective on shares of Ziff Davis from $85.00 to $75.00 in a research note on Thursday, May 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Wednesday, August 9th. Wedbush reduced their target price on Ziff Davis from $93.00 to $80.00 in a research report on Thursday, May 11th. Finally, TheStreet lowered Ziff Davis from a "b-" rating to a "c" rating in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $87.14.

View Our Latest Stock Analysis on ZD

In related news, CEO Vivek Shah acquired 10,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $58.86 per share, for a total transaction of $588,600.00. Following the completion of the transaction, the chief executive officer now owns 120,000 shares of the company's stock, valued at approximately $7,063,200. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Jeremy Rossen acquired 1,000 shares of the firm's stock in a transaction on 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 acquisition, the executive vice president now owns 10,699 shares of the company's stock, valued at $625,356.55. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vivek Shah purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $58.86 per share, with a total value of $588,600.00. Following the completion of the purchase, the chief executive officer now owns 120,000 shares of the company's stock, valued at $7,063,200. The disclosure for this purchase can be found here. Insiders acquired a total of 13,000 shares of company stock worth $765,310 over the last three months. Company insiders own 2.08% of the company's stock.

Ziff Davis, Inc 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.com, 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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