Ziff Davis (NASDAQ:ZD) Releases Earnings Results, Misses Expectations By $0.15 EPS

Ziff Davis (NASDAQ:ZD) posted its quarterly earnings data on Monday. The technology company reported $2.56 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.15), Briefing.com reports. The business had revenue of $406.71 million for the quarter, compared to the consensus estimate of $416.63 million. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS.

Ziff Davis Trading Down 5.9%

ZD opened at $29.55 on Tuesday. The company has a market capitalization of $1.17 billion, a P/E ratio of 11.73 and a beta of 1.46. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. Ziff Davis has a 52 week low of $28.55 and a 52 week high of $49.58. The stock’s fifty day moving average is $35.11 and its two-hundred day moving average is $35.53.

Hedge Funds Weigh In On Ziff Davis

Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP grew its position in Ziff Davis by 5.7% during the 2nd quarter. Engineers Gate Manager LP now owns 26,266 shares of the technology company’s stock worth $795,000 after purchasing an additional 1,413 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Ziff Davis during the 2nd quarter valued at about $380,000. Mariner LLC acquired a new position in Ziff Davis in the fourth quarter valued at approximately $309,000. Mangrove Partners IM LLC purchased a new stake in Ziff Davis during the fourth quarter worth $290,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Ziff Davis during the 2nd quarter worth about $289,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZD. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays dropped their price target on shares of 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. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. UBS Group reduced their target price on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen lowered shares of Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ziff Davis presently has an average rating of “Hold” and a consensus price target of $37.50.

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.