Fort Washington Investment Advisors Inc. OH Acquires 157,649 Shares of Ziff Davis, Inc. $ZD

Fort Washington Investment Advisors Inc. OH raised its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 38.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 571,754 shares of the technology company’s stock after purchasing an additional 157,649 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Ziff Davis were worth $21,784,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management lifted its position in shares of Ziff Davis by 313.8% during the 2nd quarter. LSV Asset Management now owns 440,026 shares of the technology company’s stock worth $13,320,000 after buying an additional 333,680 shares during the last quarter. Legal & General Group Plc raised its stake in Ziff Davis by 9.0% during the second quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock worth $80,794,000 after acquiring an additional 221,445 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ziff Davis by 206.0% in the second quarter. AQR Capital Management LLC now owns 251,781 shares of the technology company’s stock worth $7,621,000 after acquiring an additional 169,505 shares during the last quarter. Ellsworth Advisors LLC bought a new position in shares of Ziff Davis in the third quarter worth about $4,207,000. Finally, Pale Fire Capital SE boosted its stake in shares of Ziff Davis by 37.5% in the 2nd quarter. Pale Fire Capital SE now owns 342,885 shares of the technology company’s stock valued at $10,379,000 after purchasing an additional 93,560 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ ZD opened at $35.58 on Wednesday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.12 and a beta of 1.47. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $56.48. The stock has a fifty day simple moving average of $34.01 and a 200 day simple moving average of $34.66. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZD. Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. UBS Group decreased their target price 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 dropped their price target on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Citigroup dropped their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Ziff Davis presently has an average rating of “Reduce” and a consensus price target of $37.50.

Ziff Davis Profile

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.