SG Americas Securities LLC Acquires Shares of 25,252 Ziff Davis, Inc. $ZD

SG Americas Securities LLC bought a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,252 shares of the technology company’s stock, valued at approximately $962,000. SG Americas Securities LLC owned about 0.06% of Ziff Davis at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Ziff Davis by 149.8% during the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after buying an additional 617 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Ziff Davis during the 2nd quarter worth approximately $37,000. Blue Trust Inc. raised its holdings in shares of Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after purchasing an additional 295 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Ziff Davis by 60.1% in 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 purchasing an additional 905 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Ziff Davis in the second quarter valued at approximately $87,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

Ziff Davis stock opened at $37.48 on Monday. Ziff Davis, Inc. has a 1-year low of $28.55 and a 1-year high of $56.48. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.48 billion, a PE ratio of 14.87 and a beta of 1.44. The firm’s 50 day simple moving average is $34.26 and its 200 day simple moving average is $35.03.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.76 EPS for the quarter, meeting the consensus estimate of $1.76. The firm had revenue of $363.71 million during 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, analysts expect that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ZD shares. Citigroup lowered their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Wall Street Zen cut Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group cut their target price on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.50.

About Ziff Davis

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.