Nuveen LLC Invests $25.38 Million in Ziff Davis, Inc. $ZD

Nuveen LLC bought 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 Form 13F filing with the SEC. The fund bought 675,388 shares of the technology company's stock, valued at approximately $25,381,000. Nuveen LLC owned about 1.57% of Ziff Davis at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in Ziff Davis during the 1st quarter worth $736,000. GAMMA Investing LLC increased its holdings in shares of Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after purchasing an additional 426 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Ziff Davis by 19.6% during the 4th quarter. Wells Fargo & Company MN now owns 28,506 shares of the technology company's stock worth $1,549,000 after purchasing an additional 4,670 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Ziff Davis by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock worth $7,997,000 after purchasing an additional 5,456 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings 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 worth $231,000 after purchasing an additional 2,645 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Trading Up 6.7%

NASDAQ:ZD traded up $2.43 during trading hours on Friday, hitting $38.68. The stock had a trading volume of 170,444 shares, compared to its average volume of 548,188. The business's 50 day moving average is $32.63 and its 200-day moving average is $35.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. Ziff Davis, Inc. has a one year low of $28.55 and a one year high of $60.62. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 25.79 and a beta of 1.63.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share (EPS) 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 company had revenue of $352.21 million during the quarter, compared to the consensus estimate of $337.47 million. During the same quarter in the prior year, the firm earned $1.18 earnings per share. The firm's revenue was up 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ZD. Citigroup dropped their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Susquehanna dropped their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded shares of 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. Finally, Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.