Oppenheimer & Co. Inc. Makes New Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Oppenheimer & Co. Inc. purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZDGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,011 shares of the technology company’s stock, valued at approximately $485,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZD. Royce & Associates LP purchased a new stake in shares of Ziff Davis during the 1st quarter worth approximately $84,424,000. Bank of New York Mellon Corp purchased a new stake in shares of Ziff Davis during the 1st quarter worth approximately $69,176,000. Rice Hall James & Associates LLC purchased a new stake in shares of Ziff Davis during the 1st quarter worth approximately $63,717,000. William Blair Investment Management LLC purchased a new stake in shares of Ziff Davis during the 1st quarter worth approximately $29,116,000. Finally, Brave Asset Management Inc. purchased a new stake in shares of Ziff Davis during the 1st quarter worth approximately $27,134,000. Institutional investors and hedge funds own 99.02% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD opened at $75.10 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a market capitalization of $3.54 billion, a P/E ratio of 9.64 and a beta of 1.02. The company’s fifty day moving average is $80.37 and its two-hundred day moving average is $85.97. Ziff Davis, Inc. has a 1 year low of $68.42 and a 1 year high of $143.09.

Ziff Davis (NASDAQ:ZDGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.19. The company had revenue of $337.30 million for the quarter, compared to analysts’ expectations of $348.66 million. Ziff Davis had a net margin of 25.22% and a return on equity of 18.69%. Ziff Davis’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 EPS. On average, sell-side analysts predict that Ziff Davis, Inc. will post 6.16 earnings per share for the current year.

Insider Transactions at Ziff Davis

In related news, Director Sarah Ann Fay purchased 1,162 shares of the stock in a transaction dated Tuesday, August 16th. The shares were acquired at an average cost of $86.49 per share, with a total value of $100,501.38. Following the purchase, the director now directly owns 11,070 shares in the company, valued at approximately $957,444.30. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

ZD has been the subject of several recent analyst reports. Susquehanna reduced their price objective on shares of Ziff Davis from $140.00 to $120.00 and set a “positive” rating for the company in a research report on Thursday, August 11th. Robert W. Baird reduced their price target on shares of Ziff Davis from $125.00 to $100.00 in a research report on Thursday, May 12th. Wedbush reduced their price target on shares of Ziff Davis from $150.00 to $90.00 in a research report on Thursday, May 12th. Susquehanna Bancshares reduced their price target on shares of Ziff Davis from $140.00 to $120.00 and set a “positive” rating for the company in a research report on Thursday, August 11th. Finally, Royal Bank of Canada reduced their price target on shares of Ziff Davis from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $106.67.

Ziff Davis Profile

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Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

Further Reading

Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

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