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

LSV Asset Management boosted 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 & Exchange Commission. The firm owned 440,026 shares of the technology company’s stock after purchasing an additional 333,680 shares during the period. LSV Asset Management’s holdings in Ziff Davis were worth $13,320,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Allworth Financial LP grew its stake 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 buying an additional 617 shares during the period. State of Wyoming acquired a new position in Ziff Davis in the first quarter valued at $39,000. TD Private Client Wealth LLC acquired a new position in Ziff Davis in the second quarter valued at $37,000. Caitong International Asset Management Co. Ltd purchased a new stake in Ziff Davis during the first quarter valued at about $57,000. Finally, Hennessy Advisors Inc. acquired a new stake in Ziff Davis during the second quarter worth about $87,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In related news, Director Sarah Ann Fay purchased 1,354 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was acquired at an average price of $36.89 per share, with a total value of $49,949.06. Following the completion of the transaction, the director owned 23,619 shares of the company’s stock, valued at $871,304.91. This represents a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.16% of the company’s stock.

Ziff Davis Stock Down 1.4%

Shares of Ziff Davis stock opened at $29.20 on Thursday. Ziff Davis, Inc. has a 1-year low of $28.55 and a 1-year high of $60.62. The company has a market capitalization of $1.15 billion, a PE ratio of 19.47 and a beta of 1.61. 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 business has a 50-day moving average of $35.74 and a 200-day moving average of $34.18.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.76 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 analysts’ expectations of $366.44 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, equities analysts forecast that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZD has been the subject of a number of research reports. Citigroup decreased their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Zacks Research cut shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Wall Street Zen downgraded shares of Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. UBS Group cut 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 note on Monday, November 10th. Finally, Piper Sandler set a $40.00 price target on shares of Ziff Davis in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ziff Davis has an average rating of “Reduce” and a consensus price target of $37.50.

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.