Ziff Davis, Inc. $ZD Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in Ziff Davis, Inc. by 12.5% during the first quarter, acquiring an additional 20,630 shares and bringing its total holdings to 186,248 shares, valued at approximately $6.99 million.
• Analysts have mixed views on Ziff Davis, with price targets ranging from $40.00 to $45.00, while the stock currently has a "Moderate Buy" average rating across six analysts.
• The company reported a 10% year-over-year revenue increase, with recent quarterly earnings of $1.24 per share, surpassing analyst expectations of $1.22.

Invesco Ltd. increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 12.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,248 shares of the technology company's stock after purchasing an additional 20,630 shares during the period. Invesco Ltd. owned 0.43% of Ziff Davis worth $6,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ziff Davis during the 1st quarter valued at $1,276,000. Headlands Technologies LLC raised its position in shares of Ziff Davis by 345.4% during the 1st quarter. Headlands Technologies LLC now owns 16,383 shares of the technology company's stock valued at $616,000 after purchasing an additional 12,705 shares during the period. Corbyn Investment Management Inc. MD raised its position in shares of Ziff Davis by 2.9% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 113,637 shares of the technology company's stock valued at $4,270,000 after purchasing an additional 3,199 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Ziff Davis by 75.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company's stock valued at $231,000 after purchasing an additional 2,645 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in shares of Ziff Davis during the 1st quarter valued at $552,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Performance

NASDAQ:ZD traded up $0.90 during mid-day trading on Friday, hitting $38.21. The company's stock had a trading volume of 498,748 shares, compared to its average volume of 659,075. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62. 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 cap of $1.57 billion, a price-to-earnings ratio of 25.47 and a beta of 1.63. The business's fifty day moving average is $33.40 and its two-hundred day moving average is $35.30.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Susquehanna cut their target price on shares of 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 reaffirmed a "positive" rating on shares of Ziff Davis in a research note on Friday, August 8th. Piper Sandler set a $40.00 target price on shares of Ziff Davis in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.86.

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.