Ziff Davis, Inc. (NASDAQ:ZD) Short Interest Down 13.5% in January

Ziff Davis, Inc. (NASDAQ:ZD) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,440,000 shares, a drop of 13.5% from the December 31st total of 2,820,000 shares. Based on an average daily volume of 423,800 shares, the days-to-cover ratio is presently 5.8 days. Currently, 5.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Ziff Davis

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis during the 3rd quarter worth approximately $37,000. TD Private Client Wealth LLC grew its holdings in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after acquiring an additional 249 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in Ziff Davis by 21.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company’s stock valued at $133,000 after purchasing an additional 480 shares during the period. FORA Capital LLC bought a new position in shares of Ziff Davis during the third quarter worth about $210,000. Finally, CIBC Asset Management Inc bought a new position in Ziff Davis during the 3rd quarter worth approximately $217,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD opened at $53.89 on Friday. The firm has a market capitalization of $2.30 billion, a PE ratio of 45.67 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis has a fifty-two week low of $37.76 and a fifty-two week high of $70.02. The company’s 50-day moving average is $55.77 and its 200-day moving average is $50.68.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $353.58 million during the quarter, compared to the consensus estimate of $347.66 million. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%. During the same quarter last year, the firm earned $1.35 earnings per share. Equities analysts forecast that Ziff Davis will post 5.93 EPS for the current year.

Wall Street Analyst Weigh In

ZD has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Barclays increased their price target on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ziff Davis has an average rating of “Moderate Buy” and an average target price of $69.71.

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.