DekaBank Deutsche Girozentrale Acquires New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

DekaBank Deutsche Girozentrale bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,693 shares of the technology company’s stock, valued at approximately $93,000.

A number of other hedge funds have also added to or reduced their stakes in ZD. Principal Financial Group Inc. increased its position in shares of Ziff Davis by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 185,788 shares of the technology company’s stock worth $12,483,000 after purchasing an additional 1,118 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Ziff Davis during the 4th quarter valued at $473,000. Brown Advisory Inc. bought a new stake in shares of Ziff Davis during the 4th quarter worth $522,000. Norges Bank purchased a new position in Ziff Davis in the fourth quarter worth $32,202,000. Finally, Quest Partners LLC bought a new position in Ziff Davis in the fourth quarter valued at $73,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Down 3.7 %

Shares of NASDAQ ZD opened at $50.99 on Friday. The firm’s fifty day moving average is $46.86 and its 200 day moving average is $53.08. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 42.14 and a beta of 1.29.

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

Wall Street Analysts Forecast Growth

ZD has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Barclays reduced their price target on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Finally, Citigroup lowered their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ziff Davis has an average rating of “Moderate Buy” and an average target price of $71.50.

About Ziff Davis

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.