Ziff Davis, Inc. $ZD Position Lifted by LSV Asset Management

LSV Asset Management raised its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 17.5% during the fourth quarter, HoldingsChannel reports. The fund owned 907,721 shares of the technology company’s stock after acquiring an additional 135,021 shares during the quarter. LSV Asset Management’s holdings in Ziff Davis were worth $31,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. increased its holdings in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares during the last quarter. GAMMA Investing LLC increased its holdings in Ziff Davis by 207.1% in the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Ziff Davis in the fourth quarter valued at about $52,000. PNC Financial Services Group Inc. increased its holdings in Ziff Davis by 25.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,532 shares of the technology company’s stock valued at $159,000 after buying an additional 918 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Ziff Davis by 568.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock valued at $138,000 after buying an additional 3,885 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Ziff Davis Price Performance

NASDAQ:ZD opened at $43.70 on Monday. The firm has a market capitalization of $1.61 billion, a PE ratio of 38.67 and a beta of 1.14. The stock has a 50 day moving average of $43.59 and a 200-day moving average of $37.69. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $267.64 million during the quarter, compared to analyst estimates of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 earnings per share. Analysts predict that Ziff Davis, Inc. will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZD. Citigroup boosted their price objective on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Weiss Ratings lowered Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Evercore reissued an “outperform” rating and issued a $61.00 price objective on shares of Ziff Davis in a report on Tuesday, May 12th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.25.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.