Ziff Davis (NASDAQ:ZD) Posts Earnings Results, Beats Estimates By $0.01 EPS

Ziff Davis (NASDAQ:ZD) posted its quarterly earnings data on Thursday. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01, Briefing.com reports. Ziff Davis had a return on equity of 13.06% and a net margin of 3.26%.The firm had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. During the same period in the previous year, the firm earned $1.14 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis.

Ziff Davis Price Performance

NASDAQ ZD traded down $2.29 during trading hours on Friday, reaching $41.02. The company’s stock had a trading volume of 1,128,978 shares, compared to its average volume of 920,790. The firm’s 50-day moving average price is $42.48 and its 200-day moving average price is $37.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ziff Davis has a 1 year low of $22.45 and a 1 year high of $50.55. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 37.29 and a beta of 1.14.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday. Citigroup boosted their price target on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Susquehanna boosted their price target on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday. Weiss Ratings raised Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, April 21st. Finally, Barclays boosted their price target on Ziff Davis from $34.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and an average target price of $43.00.

Institutional Trading of Ziff Davis

Several hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC purchased a new stake in shares of Ziff Davis during the 4th quarter worth approximately $269,000. Invesco Ltd. raised its holdings in shares of Ziff Davis by 17.8% during the 4th quarter. Invesco Ltd. now owns 225,357 shares of the technology company’s stock worth $7,921,000 after acquiring an additional 34,064 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Ziff Davis by 74.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,166 shares of the technology company’s stock worth $357,000 after acquiring an additional 4,353 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Ziff Davis by 11.4% during the 4th quarter. Vident Advisory LLC now owns 20,265 shares of the technology company’s stock worth $712,000 after acquiring an additional 2,068 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its holdings in shares of Ziff Davis by 20.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,675 shares of the technology company’s stock worth $905,000 after acquiring an additional 4,085 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.