Fox Run Management L.L.C. Makes New Investment in Ziff Davis, Inc. $ZD

Key Points

• Fox Run Management L.L.C. acquired 7,016 shares of Ziff Davis, Inc., valued at approximately $264,000, marking a new investment in the technology company.
• Ziff Davis reported a 10% year-over-year revenue increase for the latest quarter, with earnings per share of $1.24, exceeding analysts' estimates of $1.22.
• Institutional investors own 99.76% of Ziff Davis, highlighting significant institutional interest in the company's stock.

Fox Run Management L.L.C. acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,016 shares of the technology company's stock, valued at approximately $264,000.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of Ziff Davis in the first quarter valued at $736,000. GAMMA Investing LLC lifted its holdings in Ziff Davis by 148.4% in 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 in the last quarter. Wells Fargo & Company MN boosted its position in Ziff Davis by 19.6% in the 4th quarter. Wells Fargo & Company MN now owns 28,506 shares of the technology company's stock valued at $1,549,000 after buying an additional 4,670 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ziff Davis by 2.6% during the first quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock valued at $7,997,000 after acquiring an additional 5,456 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Ziff Davis by 75.7% during the first quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company's stock worth $231,000 after acquiring an additional 2,645 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

ZD stock traded down $0.34 during trading on Monday, hitting $37.87. 551,007 shares of the company's stock traded hands, compared to its average volume of 689,567. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 25.25 and a beta of 1.63. Ziff Davis, Inc. has a 52 week low of $28.55 and a 52 week high of $60.62. The stock has a fifty day moving average price of $32.91 and a two-hundred day moving average price of $35.49. 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 (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.22 by $0.02. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The business had revenue of $352.21 million during the quarter, compared to analyst estimates of $337.47 million. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. As a group, equities analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZD has been the subject of a number of analyst reports. Wall Street Zen raised Ziff Davis from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. 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. Barclays reissued a "positive" rating on shares of Ziff Davis in a research report on Friday, August 8th. Piper Sandler set a $40.00 price target on shares of Ziff Davis in a report on Friday, August 8th. Finally, UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.86.

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.