Ziff Davis (NASDAQ:ZD) Releases Quarterly Earnings Results, Misses Expectations By $0.40 EPS

Ziff Davis (NASDAQ:ZD) posted its quarterly earnings results on Monday. The technology company reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.40), Zacks reports. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.

Ziff Davis Price Performance

Shares of Ziff Davis stock traded down $1.84 on Monday, reaching $29.55. The stock had a trading volume of 719,692 shares, compared to its average volume of 574,526. The business’s 50 day moving average is $35.25 and its two-hundred day moving average is $35.59. 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 has a 1 year low of $28.55 and a 1 year high of $49.58. The company has a market cap of $1.17 billion, a P/E ratio of 11.73 and a beta of 1.46.

Institutional Trading of Ziff Davis

Several institutional investors and hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in Ziff Davis in the 4th quarter valued at $25,000. Tower Research Capital LLC TRC raised its position in shares of Ziff Davis by 568.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock worth $138,000 after buying an additional 3,885 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Ziff Davis during the second quarter valued at $145,000. Larson Financial Group LLC grew its position in Ziff Davis by 1,308.9% during the third quarter. Larson Financial Group LLC now owns 5,241 shares of the technology company’s stock worth $200,000 after buying an additional 4,869 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Ziff Davis in the 3rd quarter worth about $221,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZD has been the subject of a number of recent research reports. Citigroup decreased their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group lowered their price objective on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, January 21st. Finally, Barclays dropped their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.50.

Ziff Davis Company 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.