Petrus Trust Company LTA Takes Position in Ziff Davis, Inc. $ZD

Key Points

• Petrus Trust Company LTA purchased 7,436 shares of Ziff Davis, Inc., valued at approximately $279,000, marking a new stake in the technology company during the first quarter.
• Other institutional investors, including Deutsche Bank AG and Janus Henderson Group PLC, significantly increased their holdings in Ziff Davis, indicating strong institutional interest with approximately 99.76% of shares held by such investors.
• Ziff Davis reported earnings of $1.24 per share for the last quarter, exceeding expectations and reflecting a 10% revenue increase year-over-year.

Petrus Trust Company LTA purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,436 shares of the technology company's stock, valued at approximately $279,000.

Several other institutional investors have also bought and sold shares of ZD. Deutsche Bank AG lifted its holdings in Ziff Davis by 132.7% in the fourth quarter. Deutsche Bank AG now owns 63,353 shares of the technology company's stock worth $3,443,000 after purchasing an additional 36,131 shares during the period. Gotham Asset Management LLC lifted its holdings in Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock worth $424,000 after purchasing an additional 271 shares during the period. Janus Henderson Group PLC lifted its holdings in Ziff Davis by 8.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after purchasing an additional 272,895 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock worth $1,365,000 after purchasing an additional 216 shares during the period. Finally, Sherbrooke Park Advisers LLC lifted its holdings in Ziff Davis by 10.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company's stock worth $292,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Price Performance

NASDAQ ZD opened at $38.51 on Tuesday. The stock's 50-day moving average price is $34.21 and its two-hundred day moving average price is $34.48. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.58 billion, a PE ratio of 25.67 and a beta of 1.58. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62.

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 firm had revenue of $352.21 million for the quarter, compared to the consensus estimate of $337.47 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 EPS. On average, analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Analyst Ratings Changes

ZD has been the subject of several research analyst reports. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Susquehanna cut their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. Barclays reissued a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th. Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Piper Sandler set a $40.00 price target on shares of Ziff Davis in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Ziff Davis has an average rating of "Hold" and an average price target of $38.83.

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.

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