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In a recent transaction, Brian Kretzmer, a director at Ziff Davis, Inc. (NASDAQ:ZD), acquired 653 shares of the company’s common stock. The shares were purchased at $38.33 each, resulting in a total transaction value of $25,029. The purchase comes as the stock trades near its 52-week low of $37.76, with InvestingPro analysis indicating the stock is currently undervalued. Following this acquisition, Kretzmer’s direct ownership of Ziff Davis stock increased to 12,968 shares. This transaction was reported in a filing with the Securities and Exchange Commission dated March 6, 2025. The insider purchase aligns with broader company actions, as management has been actively buying back shares. InvestingPro subscribers can access 14 additional key insights about Ziff Davis, including detailed valuation metrics and growth projections.
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, slightly above the forecasted $2.57. Despite this earnings beat, the company missed revenue expectations, posting $412.8 million against a projected $423.87 million. For the full year, Ziff Davis achieved a 2.8% increase in revenue to $1.401 billion and a 2.3% rise in adjusted EBITDA to $493.5 million. Looking ahead, the company anticipates a revenue growth midpoint of 5% for 2025, with adjusted EBITDA growth projected at a midpoint of 6%.
In another development, Citi analysts recently adjusted their outlook on Ziff Davis, reducing the stock’s price target from $58.00 to $52.00 while maintaining a Neutral rating. This revision followed a review of Ziff Davis’s fourth-quarter results and its guidance for 2025, which showed mixed results. Citi noted that while the company has made progress, challenges remain, particularly in the B2B Tech segment. The analysts also highlighted potential risks related to GenAI Search, although Ziff Davis has not yet experienced any negative impacts on traffic or click-through rates.
Management at Ziff Davis expressed confidence in the company’s trajectory, with expectations for growth across all five segments in 2025. The company’s strategic initiatives, including a new segment reporting structure and AI developments, were also emphasized as key areas of focus. Despite some challenges, Ziff Davis remains optimistic about its future performance and growth opportunities.
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