Quest Partners LLC Takes $38,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Quest Partners LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 691 shares of the technology company’s stock, valued at approximately $38,000.

A number of other hedge funds have also modified their holdings of ZD. Rothschild Investment LLC acquired a new stake in shares of Ziff Davis during the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A acquired a new position in Ziff Davis in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its position in Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after purchasing an additional 402 shares in the last quarter. Innealta Capital LLC acquired a new stake in Ziff Davis during the 2nd quarter valued at $75,000. Finally, Blue Trust Inc. lifted its holdings in shares of Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after purchasing an additional 708 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

ZD stock opened at $52.96 on Friday. The firm has a 50 day moving average of $46.71 and a two-hundred day moving average of $53.29. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 43.65 and a beta of 1.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The business had revenue of $320.80 million during the quarter, compared to the consensus estimate of $332.44 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ZD shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Barclays dropped their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Citigroup cut their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.50.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.