One Wealth Advisors LLC Takes Position in Ziff Davis, Inc. $ZD

Key Points

• One Wealth Advisors LLC acquired a new position in Ziff Davis, Inc., purchasing 6,776 shares valued at approximately $205,000 in the 2nd quarter.
• The company reported $1.24 EPS for the last quarter, exceeding estimates, with a revenue increase of 10.0% year-over-year.
• Ziff Davis has received multiple analyst upgrades, including a shift from a "hold" rating to a "buy" rating by Wall Street Zen.

One Wealth Advisors LLC acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,776 shares of the technology company's stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ZD. GAMMA Investing LLC lifted its position in shares of Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after purchasing an additional 426 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in Ziff Davis in the 2nd quarter worth approximately $37,000. State of Wyoming acquired a new stake in shares of Ziff Davis during the 1st quarter valued at $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ziff Davis during the 1st quarter valued at $57,000. Finally, PNC Financial Services Group Inc. grew 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 valued at $231,000 after acquiring an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Ziff Davis Trading Down 2.0%

Shares of ZD stock opened at $38.10 on Wednesday. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $60.62. The company has a market cap of $1.56 billion, a PE ratio of 25.40 and a beta of 1.58. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $36.00 and its two-hundred day moving average is $34.13.

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 (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. The business had revenue of $352.21 million during 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%. Ziff Davis's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Equities analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Insider Transactions at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay purchased 1,354 shares of the company's stock in a transaction on Monday, September 15th. The shares were bought at an average cost of $36.89 per share, with a total value of $49,949.06. Following the transaction, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This represents a 6.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ZD shares. Wall Street Zen raised Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays reiterated 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 Ziff Davis in a report on Friday, August 8th. Two 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 "Hold" and a consensus price target of $38.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.