Ziff Davis, Inc. $ZD Shares Purchased by Bridgeway Capital Management LLC

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 lifted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 25.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 0.63% of Ziff Davis worth $9,945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZD. Janus Henderson Group PLC lifted its holdings in shares of Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after buying an additional 272,895 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Ziff Davis by 10.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company's stock valued at $41,851,000 after acquiring an additional 105,761 shares in the last quarter. Nuveen LLC purchased a new stake in Ziff Davis in the first quarter worth about $25,381,000. Rice Hall James & Associates LLC grew its holdings in Ziff Davis by 21.9% during the 1st quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock worth $22,607,000 after acquiring an additional 108,101 shares in the last quarter. Finally, Northern Trust Corp increased its position in Ziff Davis by 10.7% during the 4th quarter. Northern Trust Corp now owns 565,267 shares of the technology company's stock valued at $30,717,000 after purchasing an additional 54,477 shares during the period. 99.76% of the stock is owned by institutional investors.

Ziff Davis Price Performance

Shares of Ziff Davis stock traded down $0.24 on Tuesday, hitting $38.28. 94,558 shares of the company were exchanged, compared to its average volume of 540,120. Ziff Davis, Inc. has a 1-year low of $28.55 and a 1-year high of $60.62. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $34.21 and a 200 day moving average price of $34.48. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.49 and a beta of 1.58.

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

Wall Street Analysts Forecast Growth

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