Ellsworth Advisors LLC Invests $4.21 Million in Ziff Davis, Inc. $ZD

Ellsworth Advisors LLC acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD) during the 3rd quarter, Holdings Channel reports. The fund acquired 113,910 shares of the technology company’s stock, valued at approximately $4,207,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in Ziff Davis by 149.8% during the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after acquiring an additional 617 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Ziff Davis during the 2nd quarter worth approximately $37,000. State of Wyoming acquired a new position in shares of Ziff Davis during the 1st quarter worth approximately $39,000. Blue Trust Inc. lifted its stake in Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after buying an additional 295 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Ziff Davis by 60.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock valued at $73,000 after buying an additional 905 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on ZD shares. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, October 8th. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. UBS Group decreased their price target on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Barclays cut their price objective on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, Citigroup decreased their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $37.50.

Ziff Davis Trading Up 1.8%

NASDAQ ZD opened at $35.85 on Friday. The company has a market cap of $1.42 billion, a P/E ratio of 14.23 and a beta of 1.47. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $56.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. The company has a 50-day moving average of $34.08 and a 200-day moving average of $34.59.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.76. The firm had revenue of $363.71 million during the quarter, compared to the consensus estimate of $366.44 million. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. Ziff Davis’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, equities analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.