Fort Washington Investment Advisors Inc. OH Acquires 157,649 Shares of Ziff Davis, Inc. $ZD

Fort Washington Investment Advisors Inc. OH grew its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 571,754 shares of the technology company’s stock after buying an additional 157,649 shares during the period. Fort Washington Investment Advisors Inc. OH owned 1.39% of Ziff Davis worth $21,784,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP lifted its holdings in 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 purchasing an additional 617 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Ziff Davis in the second quarter valued at about $37,000. State of Wyoming acquired a new stake in shares of Ziff Davis during the 1st quarter worth about $39,000. Blue Trust Inc. lifted its stake in shares of Ziff Davis by 30.2% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after buying an additional 295 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ziff Davis by 60.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock worth $73,000 after buying an additional 905 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Down 0.5%

Shares of NASDAQ:ZD opened at $35.58 on Wednesday. The business’s 50 day simple moving average is $34.01 and its 200 day simple moving average is $34.66. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $56.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $1.41 billion, a P/E ratio of 14.12 and a beta of 1.47.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.76. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The firm had revenue of $363.71 million during the quarter, compared to the consensus estimate of $366.44 million. During the same period in the prior year, the company posted $1.64 EPS. 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. On average, research analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on ZD. Citigroup cut their price objective on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company 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, November 15th. UBS Group reduced their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $37.50.

Ziff Davis 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.