Capital Fund Management S.A. Makes New Investment in Ziff Davis, Inc. $ZD

Capital Fund Management S.A. purchased a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the second quarter, according to its most recent filing with the SEC. The firm purchased 19,512 shares of the technology company’s stock, valued at approximately $591,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP boosted its position in Ziff Davis by 149.8% during the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after purchasing an additional 617 shares in the last quarter. State of Wyoming purchased a new stake in shares of Ziff Davis during the first quarter valued at about $39,000. TD Private Client Wealth LLC bought a new stake in shares of Ziff Davis in the 2nd quarter valued at about $37,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ziff Davis in the 1st quarter worth approximately $57,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Ziff Davis during the 2nd quarter worth approximately $87,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Piper Sandler set a $40.00 price target on Ziff Davis in a research note on Friday, August 8th. Finally, Barclays lowered their price target on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $37.50.

Insider Buying and Selling

In other Ziff Davis news, Director Sarah Ann Fay acquired 1,354 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were acquired at an average cost of $36.89 per share, with a total value of $49,949.06. Following the acquisition, the director directly owned 23,619 shares of the company’s stock, valued at approximately $871,304.91. The trade was a 6.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.16% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD opened at $35.22 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50-day moving average of $34.73 and a two-hundred day moving average of $34.22. The stock has a market cap of $1.39 billion, a P/E ratio of 13.98 and a beta of 1.47. Ziff Davis, Inc. has a one year low of $28.55 and a one year high of $60.04.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.76. The firm 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 13.73% and a net margin of 7.62%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, research analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

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.