Andesa Financial Management Inc. Acquires New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

Andesa Financial Management Inc. acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZDGet Rating) during the first quarter, according to its most recent filing with the SEC. The fund acquired 2,350 shares of the technology company’s stock, valued at approximately $228,000.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in shares of Ziff Davis in the first quarter worth $26,000. Allworth Financial LP bought a new position in Ziff Davis in the 1st quarter worth about $28,000. JJJ Advisors Inc. purchased a new stake in shares of Ziff Davis in the 1st quarter valued at about $30,000. Clearstead Advisors LLC bought a new stake in shares of Ziff Davis during the 1st quarter valued at about $53,000. Finally, Signaturefd LLC purchased a new position in shares of Ziff Davis during the first quarter worth about $63,000. Institutional investors own 99.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ZD shares. Wedbush dropped their target price on shares of Ziff Davis from $150.00 to $90.00 in a research report on Thursday, May 12th. Robert W. Baird dropped their price objective on shares of Ziff Davis from $125.00 to $100.00 in a report on Thursday, May 12th. JMP Securities reduced their target price on Ziff Davis from $145.00 to $110.00 and set a “market outperform” rating on the stock in a research note on Monday, May 23rd. Susquehanna dropped their price target on Ziff Davis from $225.00 to $140.00 in a research note on Thursday, May 12th. Finally, Susquehanna Bancshares reduced their price objective on Ziff Davis from $225.00 to $140.00 in a research report on Thursday, May 12th.

Ziff Davis Stock Performance

Ziff Davis stock opened at $82.04 on Friday. The firm has a fifty day simple moving average of $77.33 and a two-hundred day simple moving average of $89.06. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.60. Ziff Davis, Inc. has a twelve month low of $68.42 and a twelve month high of $143.09. The company has a market capitalization of $3.88 billion, a PE ratio of 9.01 and a beta of 1.02.

Ziff Davis (NASDAQ:ZDGet Rating) last released its earnings results on Tuesday, May 10th. The technology company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.08). Ziff Davis had a net margin of 27.66% and a return on equity of 22.44%. The company had revenue of $315.10 million during the quarter, compared to the consensus estimate of $319.49 million. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was down 20.9% on a year-over-year basis. Research analysts expect that Ziff Davis, Inc. will post 6.26 EPS for the current year.

About Ziff Davis

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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.

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

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