Rice Hall James & Associates LLC Sells 78,900 Shares of Ziff Davis, Inc. $ZD

Rice Hall James & Associates LLC trimmed its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 753,202 shares of the technology company’s stock after selling 78,900 shares during the quarter. Ziff Davis makes up about 1.6% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 17th biggest position. Rice Hall James & Associates LLC’s holdings in Ziff Davis were worth $28,697,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc grew its position in Ziff Davis by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock worth $80,794,000 after acquiring an additional 221,445 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ziff Davis by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock worth $32,730,000 after purchasing an additional 18,577 shares in the last quarter. Nordea Investment Management AB boosted its stake in Ziff Davis by 3.5% in the second quarter. Nordea Investment Management AB now owns 1,035,836 shares of the technology company’s stock worth $31,438,000 after purchasing an additional 35,197 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Ziff Davis by 16.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,137 shares of the technology company’s stock worth $19,911,000 after purchasing an additional 88,014 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Ziff Davis by 313.8% in the second quarter. LSV Asset Management now owns 440,026 shares of the technology company’s stock valued at $13,320,000 after buying an additional 333,680 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD opened at $35.85 on Friday. The stock has a market cap of $1.42 billion, a P/E ratio of 14.23 and a beta of 1.47. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $56.51. The stock’s 50-day moving average price is $34.08 and its two-hundred day moving average price is $34.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, hitting the consensus estimate of $1.76. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The business had revenue of $363.71 million for the quarter, compared to analyst estimates of $366.44 million. During the same quarter last year, the firm earned $1.64 EPS. Ziff Davis’s quarterly revenue was up 2.9% compared to the same quarter last year. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. On average, equities analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZD shares. Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Barclays dropped their target price on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. UBS Group decreased their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Wall Street Zen cut Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Citigroup cut their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Ziff Davis currently has an average rating of “Reduce” and a consensus price target of $37.50.

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.