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In a recent transaction, Bret Richter, the Chief Financial Officer of Ziff Davis, Inc. (NASDAQ:ZD), purchased 2,500 shares of the company’s common stock. The shares were acquired at a price of $39.21 each, amounting to a total purchase value of $98,025. The purchase comes as the stock trades near its 52-week low, with InvestingPro analysis indicating significant undervaluation relative to its Fair Value. Following this transaction, Richter holds a total of 16,339 shares in the company. Notably, this figure includes an acquisition of 255 shares through Ziff Davis’s Employee Stock Purchase Program in May 2024. This move could signal Richter’s confidence in the company’s future prospects, supported by the company’s impressive 85.71% gross profit margin and expected net income growth. InvestingPro subscribers have access to 16 additional key insights about Ziff Davis, including detailed valuation metrics and growth forecasts.
In other recent news, Ziff Davis Inc. reported its financial results for Q4 2024, revealing an adjusted diluted earnings per share (EPS) of $2.58, which slightly surpassed the forecast of $2.57. Despite this earnings beat, the company’s revenue fell short, coming in at $412.8 million against an expected $423.87 million. The full-year revenue reached $1.401 billion, marking a 2.8% increase from the previous year. Adjusted EBITDA for the quarter was $171.8 million, reflecting a 2.5% year-over-year increase. Meanwhile, Citi analysts adjusted their outlook on Ziff Davis, lowering the stock target from $58.00 to $52.00 but maintaining a Neutral rating. The analysts noted some progress but highlighted ongoing challenges, particularly in the B2B Tech segment. They also pointed out potential risks related to GenAI Search, despite no current adverse impact on traffic or click-through rates. Looking ahead, Ziff Davis anticipates a revenue growth midpoint of 5% for 2025, with expectations of growth across all five segments.
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