Keeley Teton Advisors LLC Sells 1,775 Shares of Ziff Davis, Inc. $ZD

Keeley Teton Advisors LLC decreased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 16.5% in the first quarter, Holdings Channel reports. The institutional investor owned 8,960 shares of the technology company’s stock after selling 1,775 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Ziff Davis were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ZD. Nuveen LLC purchased a new position in shares of Ziff Davis in the 1st quarter worth about $25,381,000. Janus Henderson Group PLC grew its position in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock valued at $189,512,000 after purchasing an additional 272,895 shares during the last quarter. Pale Fire Capital SE bought a new stake in Ziff Davis during the 1st quarter valued at about $9,370,000. Allspring Global Investments Holdings LLC raised its holdings in Ziff Davis by 50.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company’s stock worth $20,314,000 after buying an additional 181,234 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Ziff Davis by 236.8% in the first quarter. Victory Capital Management Inc. now owns 171,833 shares of the technology company’s stock worth $6,457,000 after buying an additional 120,817 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

Shares of ZD opened at $37.79 on Thursday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 25.19 and a beta of 1.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59. Ziff Davis, Inc. has a one year low of $28.55 and a one year high of $60.62. The business has a fifty day moving average of $33.16 and a 200 day moving average of $35.52.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. The company had revenue of $352.21 million for the quarter, compared to the consensus estimate of $337.47 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.Ziff Davis’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. As a group, sell-side analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Susquehanna decreased their price target on Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 12th. Wall Street Zen raised Ziff Davis from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barclays reaffirmed a “positive” rating on shares of Ziff Davis in a research report on Friday, August 8th. Finally, Piper Sandler set a $40.00 target price on Ziff Davis in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.86.

Ziff Davis Company 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.