Duality Advisers LP Takes $349,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Duality Advisers LP bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) during the 4th quarter, Holdings Channel reports. The fund bought 5,193 shares of the technology company’s stock, valued at approximately $349,000.

Several other institutional investors have also recently bought and sold shares of ZD. Hunter Perkins Capital Management LLC bought a new position in Ziff Davis in the 3rd quarter worth $256,000. Allspring Global Investments Holdings LLC grew its position in Ziff Davis by 4.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 681,835 shares of the technology company’s stock worth $43,426,000 after purchasing an additional 26,219 shares during the last quarter. Fifth Third Bancorp grew its position in Ziff Davis by 337.5% in the 3rd quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after purchasing an additional 378 shares during the last quarter. Panagora Asset Management Inc. grew its position in Ziff Davis by 18.8% in the 3rd quarter. Panagora Asset Management Inc. now owns 9,430 shares of the technology company’s stock worth $601,000 after purchasing an additional 1,491 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Ziff Davis in the 3rd quarter worth $236,000. Institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the transaction, the executive vice president now directly owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ZD shares. Wedbush raised their price target on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. Barclays lifted their target price on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. UBS Group decreased their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 5th. Finally, Evercore ISI lifted their target price on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.17.

Ziff Davis Price Performance

NASDAQ:ZD opened at $51.21 on Friday. The firm has a market cap of $2.36 billion, a PE ratio of 62.45 and a beta of 1.19. Ziff Davis, Inc. has a 12 month low of $50.13 and a 12 month high of $75.58. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $61.53 and its two-hundred day moving average price is $63.71.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.02. The firm had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. On average, equities analysts anticipate that Ziff Davis, Inc. will post 6.23 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.