S&T Bank PA Has $3.67 Million Stake in Ziff Davis, Inc. $ZD

S&T Bank PA lowered its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,300 shares of the technology company’s stock after selling 4,844 shares during the period. S&T Bank PA owned 0.29% of Ziff Davis worth $3,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock valued at $27,000 after buying an additional 426 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Ziff Davis by 2.6% in the first quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company’s stock valued at $7,997,000 after acquiring an additional 5,456 shares during the period. Envestnet Asset Management Inc. raised its stake in Ziff Davis by 13.0% during the first quarter. Envestnet Asset Management Inc. now owns 13,450 shares of the technology company’s stock worth $505,000 after acquiring an additional 1,552 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Ziff Davis by 21.9% in the first quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company’s stock worth $22,607,000 after acquiring an additional 108,101 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Ziff Davis by 236.8% during the 1st quarter. Victory Capital Management Inc. now owns 171,833 shares of the technology company’s stock worth $6,457,000 after purchasing an additional 120,817 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZD. Wall Street Zen upgraded shares of Ziff Davis from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. Piper Sandler set a $40.00 price target on Ziff Davis in a report on Friday, August 8th. Finally, Barclays reiterated a “positive” rating on shares of Ziff Davis in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.83.

Ziff Davis Price Performance

Ziff Davis stock opened at $32.65 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.77 and a beta of 1.61. Ziff Davis, Inc. has a 52-week low of $28.55 and a 52-week high of $60.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50 day moving average price is $36.96 and its two-hundred day moving average price is $34.13.

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

Insider Activity

In other news, Director Sarah Ann Fay bought 1,354 shares of Ziff Davis stock in a transaction dated Monday, September 15th. The stock was bought at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the purchase, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This represents a 6.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by company insiders.

Ziff Davis 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.