Ziff Davis (NASDAQ:ZD) Issues Earnings Results, Misses Expectations By $0.40 EPS

Ziff Davis (NASDAQ:ZD) posted its quarterly earnings results on Monday. The technology company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.40), Zacks reports. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.

Ziff Davis Stock Down 5.9%

NASDAQ:ZD traded down $1.84 on Monday, hitting $29.55. The stock had a trading volume of 719,692 shares, compared to its average volume of 574,526. Ziff Davis has a 1 year low of $28.55 and a 1 year high of $49.58. The firm’s fifty day simple moving average is $35.25 and its two-hundred day simple moving average is $35.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $1.17 billion, a P/E ratio of 11.73 and a beta of 1.46.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Ziff Davis by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 3,696 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ziff Davis by 1.3% during the 2nd quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock worth $5,709,000 after purchasing an additional 2,347 shares during the period. First Trust Advisors LP boosted its holdings in shares of Ziff Davis by 46.2% in the 2nd quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock worth $3,044,000 after buying an additional 31,765 shares during the last quarter. Jump Financial LLC bought a new position in Ziff Davis during the second quarter valued at about $927,000. Finally, Cerity Partners LLC purchased a new stake in Ziff Davis during the second quarter worth about $380,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZD shares. Barclays reduced their price target 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. Wall Street Zen lowered shares of Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, January 21st. Citigroup dropped their price target 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. Finally, UBS Group cut their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ziff Davis presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Ziff Davis Company 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.