LSV Asset Management Increases Position in Ziff Davis, Inc. $ZD

LSV Asset Management increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 313.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,026 shares of the technology company’s stock after buying an additional 333,680 shares during the period. LSV Asset Management owned about 1.05% of Ziff Davis worth $13,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Ziff Davis by 149.8% during the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after acquiring an additional 617 shares during the period. TD Private Client Wealth LLC purchased a new position in Ziff Davis in the 2nd quarter valued at approximately $37,000. State of Wyoming acquired a new position in Ziff Davis during the first quarter worth $39,000. Caitong International Asset Management Co. Ltd purchased a new stake in Ziff Davis during the first quarter worth $57,000. Finally, Hennessy Advisors Inc. acquired a new stake in Ziff Davis in the second quarter valued at $87,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Shares of NASDAQ ZD opened at $29.20 on Thursday. The company has a 50-day simple moving average of $35.74 and a 200-day simple moving average of $34.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market cap of $1.15 billion, a PE ratio of 19.47 and a beta of 1.61. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $60.62.

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

Insider Activity at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay bought 1,354 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was purchased at an average cost 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZD. Barclays decreased their price objective 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Piper Sandler set a $40.00 price objective on Ziff Davis in a research report on Friday, August 8th. Finally, UBS Group reduced their target price on Ziff Davis from $40.00 to $38.00 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Reduce” and an average price target of $37.50.

About Ziff Davis

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.