Ziff Davis, Inc. $ZD Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD decreased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,870 shares of the technology company’s stock after selling 25,353 shares during the period. Ziff Davis makes up 1.2% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 28th biggest position. Corbyn Investment Management Inc. MD owned about 0.27% of Ziff Davis worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ZD shares. Zacks Research cut shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. UBS Group dropped their target price on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Citigroup reduced their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Barclays dropped their price target on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $37.50.

Ziff Davis Trading Down 0.6%

Ziff Davis stock opened at $33.80 on Tuesday. The company has a 50 day moving average price of $33.78 and a 200 day moving average price of $34.74. Ziff Davis, Inc. has a 52 week low of $28.55 and a 52 week high of $56.48. 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 firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.41 and a beta of 1.44.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.76. The company had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. Research analysts forecast that Ziff Davis, Inc. will post 5.93 EPS for the current year.

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.