Choreo LLC Buys Shares of 6,902 Ziff Davis, Inc. (NASDAQ:ZD)

Choreo LLC purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,902 shares of the technology company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rothschild Investment LLC purchased a new position in Ziff Davis during the second quarter worth about $25,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Ziff Davis during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in Ziff Davis by 362.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after purchasing an additional 402 shares during the last quarter. Quest Partners LLC purchased a new stake in Ziff Davis in the second quarter valued at approximately $38,000. Finally, Innealta Capital LLC acquired a new position in Ziff Davis during the second quarter worth $75,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZD. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Citigroup cut their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barclays lowered their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $49.72 on Tuesday. The business has a 50-day simple moving average of $46.66 and a 200-day simple moving average of $53.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.90. The company has a market cap of $2.29 billion, a PE ratio of 41.12 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $320.80 million for the quarter, compared to analyst estimates of $332.44 million. Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, equities research analysts forecast that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.