Cwm LLC Has $420,000 Stock Holdings in Ziff Davis, Inc. $ZD

Key Points

• Cwm LLC significantly increased its holdings in Ziff Davis, Inc. with a stake worth $420,000, representing a 1,973.1% increase during the second quarter.
• In the most recent quarter, Ziff Davis reported a 10% year-over-year revenue increase, totaling $352.21 million, and earnings per share of $1.24, surpassing analyst expectations.
• Market analysts maintain a consensus rating of "Hold" for Ziff Davis, with an average price target of $38.83 and two analysts issuing a Buy rating.

Cwm LLC raised its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 1,973.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,869 shares of the technology company's stock after buying an additional 13,200 shares during the quarter. Cwm LLC's holdings in Ziff Davis were worth $420,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after acquiring an additional 426 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in Ziff Davis in the second quarter worth approximately $37,000. State of Wyoming bought a new stake in Ziff Davis in the first quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd bought a new stake in Ziff Davis in the first quarter worth approximately $57,000. Finally, Hennessy Advisors Inc. bought a new stake in Ziff Davis in the second quarter worth approximately $87,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Price Performance

NASDAQ ZD opened at $37.70 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $37.59 and a 200 day simple moving average of $34.01. The company has a market cap of $1.55 billion, a P/E ratio of 25.13 and a beta of 1.60. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62.

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 firm 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 firm earned $1.18 EPS. The business's revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sarah Ann Fay purchased 1,354 shares of Ziff Davis stock in a transaction on Monday, September 15th. The stock was purchased at an average cost of $36.89 per share, with a total value of $49,949.06. Following the acquisition, the director directly owned 23,619 shares in the company, 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 filing with the SEC, which is accessible through this link. 2.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZD has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d)" rating on shares of Ziff Davis in a research report on Friday. Barclays reissued a "positive" rating on shares of Ziff Davis in a research report on Friday, August 8th. Piper Sandler set a $40.00 target price on shares of Ziff Davis in a research report on Friday, August 8th. Finally, Wall Street Zen raised 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, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.

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