Ziff Davis, Inc. $ZD Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 85.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,918 shares of the technology company’s stock after acquiring an additional 19,787 shares during the quarter. Intech Investment Management LLC owned about 0.11% of Ziff Davis worth $1,509,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ZD. NBC Securities Inc. increased its holdings in shares of Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after acquiring an additional 485 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Ziff Davis by 212.2% during the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after acquiring an additional 590 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Ziff Davis during the fourth quarter valued at about $52,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Ziff Davis by 568.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock valued at $138,000 after acquiring an additional 3,885 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In other news, EVP Jeremy Rossen sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the sale, the executive vice president owned 14,462 shares of the company’s stock, valued at $679,714. This trade represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Piper Sandler set a $48.00 price target on shares of Ziff Davis in a report on Monday, May 11th. Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ziff Davis has a consensus rating of “Hold” and an average price target of $47.25.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $45.81 on Friday. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55. The company’s 50 day moving average is $44.25 and its 200 day moving average is $38.59. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.69 billion, a PE ratio of 40.54 and a beta of 1.12.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, sell-side analysts forecast that Ziff Davis, Inc. will post 4.08 EPS for the current year.

Ziff Davis Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.