Bridgeway Capital Management LLC Boosts Position in Ziff Davis, Inc. $ZD

Key Points

• Bridgeway Capital Management LLC increased its stake in Ziff Davis, Inc. by 25.4% in Q1, acquiring an additional 53,521 shares to own 264,628 shares worth approximately $9.9 million.
• Ziff Davis reported $1.24 EPS for the quarter, surpassing analysts' estimates, with a revenue increase of 10% year-over-year reaching $352.21 million.
• Analysts have given Ziff Davis an average rating of "Moderate Buy" with a consensus target price of $46.86, indicating potential for future growth.

Bridgeway Capital Management LLC boosted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 25.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,628 shares of the technology company's stock after acquiring an additional 53,521 shares during the quarter. Bridgeway Capital Management LLC owned about 0.63% of Ziff Davis worth $9,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock valued at $1,365,000 after buying an additional 216 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Ziff Davis by 3.6% during the 4th quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock worth $424,000 after buying an additional 271 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after buying an additional 426 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Ziff Davis by 6.7% during the 1st quarter. Hsbc Holdings PLC now owns 7,447 shares of the technology company's stock worth $279,000 after buying an additional 468 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC raised its stake in shares of Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company's stock worth $292,000 after buying an additional 527 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Up 1.1%

Shares of NASDAQ:ZD traded up $0.42 during midday trading on Monday, reaching $38.51. The company's stock had a trading volume of 419,101 shares, compared to its average volume of 542,788. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 25.67 and a beta of 1.58. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62. The business has a 50 day moving average price of $34.05 and a 200 day moving average price of $34.55.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on ZD shares. UBS Group set a $40.00 price target on Ziff Davis and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Piper Sandler set a $40.00 price target on Ziff Davis in a report on Friday, August 8th. Barclays reissued a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th. Susquehanna cut their price target on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen raised Ziff Davis from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of "Hold" and an average target price of $38.83.

Ziff Davis 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.