Headlands Technologies LLC Has $616,000 Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Key Points

• Headlands Technologies LLC significantly increased its stake in Ziff Davis, acquiring an additional 12,705 shares, bringing its total to 16,383 shares valued at approximately $616,000.
• Wall Street analysts have mixed opinions on Ziff Davis, with ratings ranging from "buy" to "neutral," and various price targets set between $33.00 and $48.00.
• Ziff Davis reported a quarterly earnings per share of $1.24, exceeding analyst expectations, alongside a revenue of $352.21 million, reflecting a 10% year-over-year increase.

Headlands Technologies LLC raised its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 345.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,383 shares of the technology company's stock after buying an additional 12,705 shares during the period. Headlands Technologies LLC's holdings in Ziff Davis were worth $616,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Ziff Davis by 148.4% during the first 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. Quadrant Capital Group LLC grew its position in Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after buying an additional 488 shares in the last quarter. Sterling Capital Management LLC grew its position in Ziff Davis by 786.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company's stock worth $76,000 after buying an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Ziff Davis by 118.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,605 shares of the technology company's stock worth $196,000 after buying an additional 1,952 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Ziff Davis during the fourth quarter worth about $217,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Price Performance

Shares of NASDAQ:ZD traded up $1.06 during trading on Wednesday, reaching $35.73. The stock had a trading volume of 229,927 shares, compared to its average volume of 549,805. Ziff Davis, Inc. has a 52 week low of $28.55 and a 52 week high of $60.62. The business's 50-day moving average price is $32.18 and its 200 day moving average price is $36.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $1.46 billion, a PE ratio of 23.81 and a beta of 1.63.

Ziff Davis (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, topping 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 firm had revenue of $352.21 million during the quarter, compared to analysts' expectations of $337.47 million. During the same quarter in the previous year, the company posted $1.18 EPS. Ziff Davis's revenue was up 10.0% on a year-over-year basis. As a group, equities analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ZD shares. JPMorgan Chase & Co. downgraded Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Susquehanna decreased their target price on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Barclays reissued 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 Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. Finally, Citigroup decreased their price objective on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.86.

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.