Ziff Davis (NASDAQ:ZD) Releases Earnings Results

Ziff Davis (NASDAQ:ZD) issued its quarterly earnings data on Thursday. The technology company reported $1.76 earnings per share for the quarter, hitting the consensus estimate of $1.76, Briefing.com reports. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. During the same period in the previous year, the business earned $1.64 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Ziff Davis updated its FY 2025 guidance to 6.640-7.28 EPS.

Ziff Davis Trading Down 2.2%

ZD stock traded down $0.73 during midday trading on Thursday, hitting $32.65. The stock had a trading volume of 707,373 shares, compared to its average volume of 543,884. The firm has a market cap of $1.34 billion, a P/E ratio of 21.77 and a beta of 1.61. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis has a 1-year low of $28.55 and a 1-year high of $60.62. The business has a fifty day moving average price of $36.96 and a two-hundred day moving average price of $34.13.

Insider Buying and Selling at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,354 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were purchased at an average price of $36.89 per share, for a total transaction of $49,949.06. Following the completion of the acquisition, the director owned 23,619 shares of the company’s stock, valued at approximately $871,304.91. This trade represents a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On Ziff Davis

Institutional investors and hedge funds have recently made changes to their positions in the business. Bridgeway Capital Management LLC increased its stake in Ziff Davis by 10.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 293,100 shares of the technology company’s stock valued at $8,872,000 after buying an additional 28,472 shares during the last quarter. AQR Capital Management LLC increased its stake in Ziff Davis by 206.0% in the 2nd quarter. AQR Capital Management LLC now owns 251,781 shares of the technology company’s stock valued at $7,621,000 after buying an additional 169,505 shares during the last quarter. AXA S.A. increased its stake in Ziff Davis by 68.1% in the 2nd quarter. AXA S.A. now owns 209,563 shares of the technology company’s stock valued at $6,343,000 after buying an additional 84,904 shares during the last quarter. Invesco Ltd. increased its stake in Ziff Davis by 1.3% in the 2nd quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock valued at $5,709,000 after buying an additional 2,347 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ziff Davis by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock valued at $6,037,000 after buying an additional 3,696 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research note on Friday, August 8th. Barclays reissued a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Wall Street Zen raised shares of Ziff Davis from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ziff Davis currently has an average rating of “Hold” and a consensus price target of $38.83.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.