Ziff Davis (NASDAQ:ZD) Posts Earnings Results, Misses Estimates By $0.15 EPS

Ziff Davis (NASDAQ:ZD) issued its quarterly earnings data on Monday. The technology company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.15), Briefing.com reports. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The company had revenue of $406.71 million during the quarter, compared to the consensus estimate of $416.63 million. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.58 earnings per share.

Ziff Davis Trading Down 5.9%

ZD stock opened at $29.55 on Tuesday. The business has a fifty day moving average price of $35.11 and a 200 day moving average price of $35.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $49.58. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.73 and a beta of 1.46.

Institutional Trading of Ziff Davis

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. lifted its position in Ziff Davis by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock worth $30,249,000 after buying an additional 82,761 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ziff Davis by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company’s stock worth $29,354,000 after acquiring an additional 44,923 shares during the last quarter. Nuveen LLC lifted its position in shares of Ziff Davis by 10.2% during the fourth quarter. Nuveen LLC now owns 808,325 shares of the technology company’s stock worth $28,413,000 after purchasing an additional 75,047 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ziff Davis by 260.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock worth $21,005,000 after purchasing an additional 431,828 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Ziff Davis by 46.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 552,385 shares of the technology company’s stock valued at $21,046,000 after purchasing an additional 174,287 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. Citigroup decreased their price target 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. Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Barclays lowered their target price 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. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and an average target price of $37.50.

Ziff Davis Company 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.