Ziff Davis, Inc. $ZD Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 35.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,927 shares of the technology company’s stock after buying an additional 9,866 shares during the quarter. Quantinno Capital Management LP owned about 0.10% of Ziff Davis worth $1,591,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new position in shares of Ziff Davis during the fourth quarter valued at about $25,000. Hantz Financial Services Inc. boosted its stake in Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after purchasing an additional 590 shares in the last quarter. NBC Securities Inc. boosted its stake in Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after purchasing an additional 687 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in Ziff Davis during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter sold 18,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total value of $843,840.00. Following the completion of the transaction, the chief financial officer owned 29,244 shares of the company’s stock, valued at $1,370,958.72. The trade was a 38.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeremy Rossen sold 3,819 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $54.93, for a total value of $209,777.67. Following the completion of the sale, the executive vice president owned 10,643 shares in the company, valued at $584,619.99. The trade was a 26.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 35,241 shares of company stock valued at $1,678,642. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ZD shares. Royal Bank Of Canada raised their price target on shares of Ziff Davis from $48.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday. UBS Group boosted their price objective on shares of Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings raised Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Susquehanna raised their target price on Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.62.

Ziff Davis Stock Performance

ZD opened at $54.94 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. Ziff Davis, Inc. has a 12-month low of $22.45 and a 12-month high of $58.06. The firm has a 50 day moving average of $50.76 and a two-hundred day moving average of $44.03. The firm has a market capitalization of $1.88 billion, a PE ratio of 3.11 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.81 by $0.22. The business had revenue of $286.74 million for the quarter, compared to the consensus estimate of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The business’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS.

About Ziff Davis

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.