Xponance Inc. Sells 417 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Xponance Inc. reduced its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,175 shares of the technology company’s stock after selling 417 shares during the period. Xponance Inc.’s holdings in Ziff Davis were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZD. Rothschild Investment LLC acquired a new position in Ziff Davis in the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A acquired a new position in Ziff Davis in the fourth quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in Ziff Davis in the second quarter valued at approximately $38,000. Innealta Capital LLC acquired a new position in Ziff Davis in the second quarter valued at approximately $75,000. Finally, Blue Trust Inc. lifted its stake in Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after buying an additional 708 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Ziff Davis Stock Performance

NASDAQ:ZD opened at $47.42 on Wednesday. The business’s 50-day moving average price is $46.68 and its two-hundred day moving average price is $52.12. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90. The stock has a market cap of $2.19 billion, a P/E ratio of 39.19 and a beta of 1.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The business had revenue of $320.80 million during the quarter, compared to analysts’ expectations of $332.44 million. During the same period in the previous year, the business earned $1.12 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Ziff Davis Profile

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.