Hunter Perkins Capital Management LLC Grows Position in Ziff Davis, Inc. (NASDAQ:ZD)

Hunter Perkins Capital Management LLC increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 13.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 14,290 shares of the technology company’s stock after buying an additional 1,715 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Ziff Davis were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in shares of Ziff Davis in the 2nd quarter valued at approximately $25,000. Quest Partners LLC acquired a new stake in shares of Ziff Davis in the 2nd quarter valued at approximately $38,000. Innealta Capital LLC purchased a new position in Ziff Davis during the second quarter worth $75,000. Blue Trust Inc. increased its position in Ziff Davis by 72.4% during the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after buying an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Ziff Davis during the second quarter worth $93,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ZD shares. Barclays dropped their price target on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Citigroup dropped their price target on 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.50.

Ziff Davis Stock Up 1.5 %

Ziff Davis stock traded up $0.70 during midday trading on Wednesday, hitting $47.07. The stock had a trading volume of 69,216 shares, compared to its average volume of 432,072. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.17 billion, a P/E ratio of 38.32 and a beta of 1.29. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The business has a fifty day moving average price of $46.48 and a 200 day moving average price of $50.86.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $320.80 million during 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 firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Research analysts predict that Ziff Davis, Inc. will post 6.1 EPS for the current year.

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.