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

Seizert Capital Partners LLC lifted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,590 shares of the technology company’s stock after acquiring an additional 1,763 shares during the quarter. Seizert Capital Partners LLC owned 0.19% of Ziff Davis worth $2,409,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ZD. Fuller & Thaler Asset Management Inc. boosted its holdings in Ziff Davis by 10.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company’s stock valued at $41,851,000 after purchasing an additional 105,761 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ziff Davis by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock valued at $32,730,000 after buying an additional 18,577 shares during the period. Nordea Investment Management AB boosted its stake in shares of Ziff Davis by 3.5% in the second quarter. Nordea Investment Management AB now owns 1,035,836 shares of the technology company’s stock valued at $31,438,000 after buying an additional 35,197 shares in the last quarter. Nuveen LLC acquired a new position in Ziff Davis during the first quarter worth $25,381,000. Finally, Allspring Global Investments Holdings LLC raised its position in Ziff Davis by 16.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 626,137 shares of the technology company’s stock worth $19,911,000 after acquiring an additional 88,014 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research note on Friday, August 8th. Citigroup lowered 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 report on Monday, November 10th. Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. One equities 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 MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $37.50.

Ziff Davis Price Performance

ZD stock opened at $29.61 on Wednesday. The stock’s 50 day moving average price is $35.88 and its 200 day moving average price is $34.21. The firm has a market cap of $1.17 billion, a P/E ratio of 19.74 and a beta of 1.61. 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, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62.

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

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.