Rhumbline Advisers Buys 1,518 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Rhumbline Advisers lifted its stake in Ziff Davis, Inc. (NASDAQ:ZDFree Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,437 shares of the technology company’s stock after acquiring an additional 1,518 shares during the period. Rhumbline Advisers owned approximately 0.36% of Ziff Davis worth $13,303,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new position in shares of Ziff Davis in the first quarter worth $25,000. Dark Forest Capital Management LP boosted its stake in Ziff Davis by 6,740.0% during the fourth quarter. Dark Forest Capital Management LP now owns 342 shares of the technology company’s stock valued at $27,000 after buying an additional 337 shares during the period. Belpointe Asset Management LLC bought a new stake in Ziff Davis during the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC bought a new stake in Ziff Davis during the fourth quarter valued at $42,000. Finally, Quadrant Capital Group LLC boosted its stake in Ziff Davis by 40.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,011 shares of the technology company’s stock valued at $80,000 after buying an additional 289 shares during the period. 99.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research note on Wednesday, August 9th. Barclays dropped their price objective on Ziff Davis from $85.00 to $75.00 in a research note on Thursday, May 11th. TheStreet lowered Ziff Davis from a “b-” rating to a “c” rating in a research note on Tuesday, May 9th. Finally, Wedbush dropped their price target on Ziff Davis from $93.00 to $80.00 in a research note on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.14.

View Our Latest Stock Analysis on Ziff Davis

Ziff Davis Trading Up 1.6 %

Shares of ZD stock opened at $67.74 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.46 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $69.67 and a two-hundred day moving average price of $71.31. Ziff Davis, Inc. has a 12-month low of $58.08 and a 12-month high of $94.58. The firm has a market cap of $3.15 billion, a P/E ratio of 35.16 and a beta of 1.21.

Ziff Davis (NASDAQ:ZDGet Free Report) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). The company had revenue of $326.02 million during the quarter, compared to analysts’ expectations of $321.16 million. Ziff Davis had a return on equity of 14.29% and a net margin of 6.90%. Equities analysts anticipate that Ziff Davis, Inc. will post 5.76 EPS for the current fiscal year.

Ziff Davis Profile

(Free Report)

Ziff Davis, Inc provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

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Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

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