Nuveen LLC acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 675,388 shares of the technology company's stock, valued at approximately $25,381,000. Nuveen LLC owned approximately 1.57% of Ziff Davis at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in Ziff Davis during the 1st quarter worth about $736,000. GAMMA Investing LLC grew 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 valued at $27,000 after buying an additional 426 shares during the period. Wells Fargo & Company MN grew its holdings 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 period. Principal Financial Group Inc. grew its holdings in Ziff Davis by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock valued at $7,997,000 after buying an additional 5,456 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Ziff Davis by 13.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,450 shares of the technology company's stock valued at $505,000 after buying an additional 1,552 shares during the period. Hedge funds and other institutional investors own 99.76% of the company's stock.
Wall Street Analyst Weigh In
ZD has been the subject of several recent analyst reports. Piper Sandler set a $40.00 price target on Ziff Davis in a report on Friday, August 8th. Wall Street Zen upgraded Ziff Davis from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barclays restated a "positive" rating on shares of Ziff Davis in a 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 research note on Wednesday, May 14th. Finally, Susquehanna reduced their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.86.
Check Out Our Latest Research Report on Ziff Davis
Ziff Davis Stock Up 0.5%
Ziff Davis stock traded up $0.20 during midday trading on Tuesday, hitting $37.24. 424,025 shares of the company were exchanged, compared to its average volume of 656,022. The company's fifty day moving average price is $32.52 and its 200-day moving average price is $36.05. The company has a market cap of $1.53 billion, a PE ratio of 24.83 and a beta of 1.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59. Ziff Davis, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $60.62.
Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.22 by $0.02. The firm had revenue of $352.21 million for the quarter, compared to analyst estimates of $337.47 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.Ziff Davis's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 EPS. On average, research analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.
Ziff Davis Company Profile
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Free Report)
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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