One Wealth Advisors LLC Makes New Investment in Ziff Davis, Inc. $ZD

One Wealth Advisors LLC bought a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,624 shares of the technology company’s stock, valued at approximately $556,000.

Other large investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its position in shares of Ziff Davis by 18.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 68,887 shares of the technology company’s stock worth $3,608,000 after purchasing an additional 10,828 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Ziff Davis by 71.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,334 shares of the technology company’s stock valued at $436,000 after purchasing an additional 3,479 shares during the last quarter. Affinity Capital Advisors LLC bought a new stake in Ziff Davis in the second quarter valued at about $230,000. Pacer Advisors Inc. lifted its stake in Ziff Davis by 0.3% in the first quarter. Pacer Advisors Inc. now owns 288,785 shares of the technology company’s stock valued at $12,117,000 after buying an additional 921 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Ziff Davis in the first quarter valued at about $3,489,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insiders Place Their Bets

In other Ziff Davis news, CAO Lori A. Tansley sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $54.76, for a total transaction of $76,664.00. Following the sale, the chief accounting officer directly owned 767 shares in the company, valued at approximately $42,000.92. This trade represents a 64.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeremy Rossen sold 8,000 shares of Ziff Davis stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the transaction, the executive vice president directly owned 14,462 shares in the company, valued at approximately $679,714. The trade was a 35.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,641 shares of company stock valued at $1,755,306 over the last 90 days. 3.40% of the stock is owned by company insiders.

Ziff Davis Stock Down 0.9%

NASDAQ:ZD opened at $55.38 on Friday. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $58.06. The company has a current ratio of 2.16, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 3.13 and a beta of 1.08. The stock has a 50-day moving average price of $51.11 and a two-hundred day moving average price of $44.23.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.22. The company had revenue of $286.74 million during the quarter, compared to the consensus estimate of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The company’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share.

Analyst Ratings Changes

ZD has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Ziff Davis from $48.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Evercore reiterated an “outperform” rating and issued a $64.00 price target on shares of Ziff Davis in a research report on Monday, August 10th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research note on Monday, May 11th. Barclays upped their target price on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ziff Davis presently has a consensus rating of “Hold” and an average target price of $56.62.

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.