Ziff Davis, Inc. $ZD Stock: Corbyn Investment Management Inc. MD Reduces Holdings

Corbyn Investment Management Inc. MD decreased its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 42.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,218 shares of the technology company's stock after selling 27,691 shares during the quarter. Corbyn Investment Management Inc. MD owned 0.11% of Ziff Davis worth $2,110,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Jupiter Topco LLC purchased a new position in shares of Ziff Davis during the second quarter worth $187,893,000. Janus Henderson Group PLC grew its stake in shares of Ziff Davis by 2.7% in the first quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company's stock valued at $147,963,000 after buying an additional 92,496 shares in the last quarter. Pale Fire Capital SE raised its holdings in shares of Ziff Davis by 130.0% in the 1st quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company's stock valued at $116,790,000 after buying an additional 1,573,414 shares during the period. Legal & General Group Plc purchased a new stake in shares of Ziff Davis in the 2nd quarter valued at $94,314,000. Finally, First Trust Advisors LP raised its holdings in shares of Ziff Davis by 689.6% in the 1st quarter. First Trust Advisors LP now owns 974,591 shares of the technology company's stock valued at $40,894,000 after buying an additional 851,163 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Ziff Davis from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Susquehanna lifted their target price on Ziff Davis from $60.00 to $75.00 and gave the company a "positive" rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their price target on shares of Ziff Davis from $48.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Zacks Research raised shares of Ziff Davis to a "hold" rating in a research report on Tuesday, September 15th. Finally, UBS Group raised their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $60.67.

Ziff Davis Stock Up 5.1%

Ziff Davis stock opened at $56.75 on Thursday. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $60.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a market cap of $1.95 billion, a PE ratio of 3.21 and a beta of 1.10. The stock's fifty day moving average is $56.44 and its two-hundred day moving average is $47.56.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.22. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%. The company had revenue of $286.74 million during the quarter, compared to the consensus estimate of $286.10 million. During the same period in the previous year, the business earned $1.24 EPS. Ziff Davis's revenue for the quarter was down 18.7% on a year-over-year basis. On average, sell-side analysts expect that Ziff Davis, Inc. will post 4.41 EPS for the current fiscal year.

Insider Transactions at Ziff Davis

In related news, CAO Lori Tansley sold 1,400 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total transaction of $76,664.00. Following the completion of the sale, the chief accounting officer owned 767 shares in the company, valued at $42,000.92. The trade was a 64.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W. Brian Kretzmer sold 2,513 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total value of $138,994.03. Following the sale, the director owned 20,000 shares of the company's stock, valued at approximately $1,106,200. The trade was a 11.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,732 shares of company stock valued at $425,436. Corporate insiders own 3.40% of the company's stock.

About Ziff Davis

Ziff Davis, Inc is a digital media and technology company that operates a portfolio of online brands serving consumers, technology professionals, businesses and advertisers. Its properties cover technology, gaming and entertainment, shopping, health and wellness, and related digital services.

The company's brands include PCMag, Mashable, IGN, Humble Bundle, RetailMeNot, Spiceworks, Ookla and its Speedtest and Downdetector services, as well as health and wellness publications and platforms operated through its Everyday Health Group.

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