Ziff Davis (NASDAQ:ZD) Issues Earnings Results

Ziff Davis (NASDAQ:ZD) issued its quarterly earnings results on Thursday. The technology company reported $1.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.76, Briefing.com reports. The business had revenue of $363.71 million for the quarter, compared to analyst estimates of $366.44 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 earnings per share. Ziff Davis updated its FY 2025 guidance to 6.640-7.28 EPS.

Ziff Davis Stock Performance

NASDAQ ZD opened at $32.59 on Friday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 21.73 and a beta of 1.61. The stock has a 50-day simple moving average of $36.85 and a two-hundred day simple moving average of $34.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $60.62.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Sarah Ann Fay purchased 1,354 shares of Ziff Davis stock in a transaction that occurred on 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 completion of the transaction, the director owned 23,619 shares in the company, valued at $871,304.91. The trade was a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.16% of the stock is currently owned by company insiders.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently made changes to their positions in ZD. California State Teachers Retirement System lifted its position in shares of Ziff Davis by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after buying an additional 550 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Ziff Davis by 5.7% during the second quarter. Engineers Gate Manager LP now owns 26,266 shares of the technology company’s stock valued at $795,000 after purchasing an additional 1,413 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its position in shares of Ziff Davis by 26.0% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,276 shares of the technology company’s stock valued at $220,000 after purchasing an additional 1,503 shares during the period. Vident Advisory LLC increased its stake in shares of Ziff Davis by 11.0% during the second quarter. Vident Advisory LLC now owns 16,109 shares of the technology company’s stock worth $488,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Ziff Davis by 1.3% during the second quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock worth $5,709,000 after purchasing an additional 2,347 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.