Ziff Davis, Inc. $ZD Shares Bought by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 79,590 shares of the technology company’s stock after buying an additional 1,763 shares during the period. Seizert Capital Partners LLC’s holdings in Ziff Davis were worth $2,409,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in Ziff Davis by 6.7% during the first quarter. Hsbc Holdings PLC now owns 7,447 shares of the technology company’s stock worth $279,000 after purchasing an additional 468 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Ziff Davis by 5.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,806 shares of the technology company’s stock worth $327,000 after buying an additional 578 shares during the last quarter. Allworth Financial LP raised its position in shares of Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after buying an additional 617 shares during the period. Legato Capital Management LLC boosted its holdings in Ziff Davis by 3.4% in the first quarter. Legato Capital Management LLC now owns 19,649 shares of the technology company’s stock valued at $738,000 after acquiring an additional 644 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Ziff Davis by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 29,018 shares of the technology company’s stock valued at $878,000 after acquiring an additional 678 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ZD. Wall Street Zen downgraded Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Barclays reduced their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. UBS Group dropped their price objective on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Citigroup cut their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $37.50.

Ziff Davis Stock Performance

Shares of ZD stock opened at $29.61 on Wednesday. The company has a market cap of $1.17 billion, a P/E ratio of 19.74 and a beta of 1.61. The business has a 50 day moving average of $35.88 and a two-hundred day moving average of $34.21. Ziff Davis, Inc. has a 52 week low of $28.55 and a 52 week high of $60.62. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.76. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The business had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. During the same quarter last year, the business posted $1.64 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Insider Buying and Selling

In other news, Director Sarah Ann Fay purchased 1,354 shares of the company’s stock in a transaction on Monday, September 15th. The shares were bought at an average price of $36.89 per share, for a total transaction of $49,949.06. Following the completion of the purchase, the director owned 23,619 shares of the company’s stock, valued at $871,304.91. This trade represents a 6.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.16% of the company’s stock.

Ziff Davis Company 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.