Ziff Davis, Inc. $ZD Stock Holdings Lessened by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD reduced its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,870 shares of the technology company’s stock after selling 25,353 shares during the quarter. Ziff Davis makes up approximately 1.2% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 28th largest position. Corbyn Investment Management Inc. MD’s holdings in Ziff Davis were worth $4,186,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in Ziff Davis by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 2,669,113 shares of the technology company’s stock worth $80,794,000 after buying an additional 221,445 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ziff Davis by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock worth $32,730,000 after acquiring an additional 18,577 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Ziff Davis by 3.5% during the second quarter. Nordea Investment Management AB now owns 1,035,836 shares of the technology company’s stock worth $31,438,000 after acquiring an additional 35,197 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Ziff Davis by 16.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,137 shares of the technology company’s stock valued at $19,911,000 after purchasing an additional 88,014 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Ziff Davis by 38.1% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 571,754 shares of the technology company’s stock valued at $21,784,000 after purchasing an additional 157,649 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Trading Down 0.6%

Shares of ZD stock opened at $33.80 on Tuesday. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $56.48. The company has a market cap of $1.34 billion, a PE ratio of 13.41 and a beta of 1.44. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $33.78 and its two-hundred day moving average is $34.74.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.76. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The business had revenue of $363.71 million during the quarter, compared to the consensus estimate of $366.44 million. During the same period in the prior year, the firm earned $1.64 EPS. Ziff Davis’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. Equities analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Wall Street Analyst Weigh In

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