Dynamic Technology Lab Private Ltd Makes New $673,000 Investment in Ziff Davis, Inc. $ZD

Key Points

• Dynamic Technology Lab Private Ltd acquired 17,899 shares of Ziff Davis, valued at approximately $673,000, in the first quarter, highlighting increasing institutional interest in the company.
• Ziff Davis reported a $1.24 EPS for the last quarter, surpassing consensus estimates, with year-over-year revenue growth of 10%.
• Wall Street analysts have set a target price of $40.00 on Ziff Davis, with a mix of "Buy" and "Hold" ratings from various brokerages.

Dynamic Technology Lab Private Ltd acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,899 shares of the technology company's stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZD. GAMMA Investing LLC lifted its stake in shares of Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after purchasing an additional 426 shares during the period. State of Wyoming purchased a new position in Ziff Davis during the 1st quarter valued at about $39,000. Caitong International Asset Management Co. Ltd purchased a new position in Ziff Davis during the 1st quarter valued at about $57,000. Western Wealth Management LLC purchased a new position in Ziff Davis during the 4th quarter valued at about $217,000. Finally, PNC Financial Services Group Inc. increased its holdings in Ziff Davis by 75.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company's stock valued at $231,000 after acquiring an additional 2,645 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Price Performance

NASDAQ ZD traded up $0.16 on Monday, reaching $36.79. The company's stock had a trading volume of 82,900 shares, compared to its average volume of 540,606. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $60.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $1.51 billion, a PE ratio of 24.53 and a beta of 1.58. The firm's 50 day moving average is $34.62 and its two-hundred day moving average is $34.27.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.02. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The company had revenue of $352.21 million during the quarter, compared to the consensus estimate of $337.47 million. During the same period in the prior year, the company earned $1.18 EPS. Ziff Davis's revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on ZD. Barclays restated a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th. Piper Sandler set a $40.00 target price on shares of Ziff Davis in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Ziff Davis from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.83.

Ziff Davis Company Profile

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.