Ziff Davis (ZD)
Market Price (2/27/2026): $27.69 | Market Cap: $1.1 BilSector: Communication Services | Industry: Advertising
Ziff Davis (ZD)
Market Price (2/27/2026): $27.69Market Cap: $1.1 BilSector: Communication ServicesIndustry: Advertising
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% | Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -139% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.5% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Key risksZD key risks include [1] technological disruption from AI and search algorithm volatility impacting its content and media properties and [2] a high debt load with substantial near-term maturities that may require refinancing. |
| Attractive yieldFCF Yield is 27% | ||
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Digital Advertising, and Digital Health & Telemedicine. Themes include Gaming Content & Platforms, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% |
| Attractive yieldFCF Yield is 27% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Digital Advertising, and Digital Health & Telemedicine. Themes include Gaming Content & Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -139% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.5% |
| Key risksZD key risks include [1] technological disruption from AI and search algorithm volatility impacting its content and media properties and [2] a high debt load with substantial near-term maturities that may require refinancing. |
Qualitative Assessment
AI Analysis | Feedback
1. Ziff Davis reported a significant miss in its Fourth Quarter 2025 earnings and revenue. The company announced an adjusted diluted EPS of $2.56, missing the consensus estimate of $2.71 by $0.15. Additionally, quarterly revenue decreased 1.5% year-over-year to $406.7 million, falling below analyst expectations of $416.63 million or $428.9 million. This overall financial underperformance included a substantial decline in net income to $0.4 million in Q4 2025, down from $64.1 million in Q4 2024, largely due to a $58.0 million loss on the sale of a business and a $19.7 million loss on an equity method investment.
2. The company's Technology & Shopping segment experienced a sharp decline in revenue. This key division, encompassing brands like CNET and RetailMeNot, saw an 18% revenue decrease in Q4 2025, generating $108.9 million compared to $132.9 million in the prior year period. Concurrently, its adjusted EBITDA fell by 19.1% to $47.2 million, reflecting broader challenges in the advertising and performance marketing business. The exit from Game Publishing also contributed to this segment's revenue reduction, lowering it by $2.5 million in Q4 2025.
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Stock Movement Drivers
Fundamental Drivers
The -18.4% change in ZD stock from 10/31/2025 to 2/26/2026 was primarily driven by a -28.5% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.90 | 27.65 | -18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,447 | 1,451 | 0.3% |
| Net Income Margin (%) | 4.6% | 3.3% | -28.5% |
| P/E Multiple | 21.4 | 22.8 | 6.6% |
| Shares Outstanding (Mil) | 42 | 39 | 6.8% |
| Cumulative Contribution | -18.4% |
Market Drivers
10/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| ZD | -18.4% | |
| Market (SPY) | 1.1% | 38.1% |
| Sector (XLC) | 1.7% | 36.4% |
Fundamental Drivers
The -11.2% change in ZD stock from 7/31/2025 to 2/26/2026 was primarily driven by a -39.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.12 | 27.65 | -11.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,416 | 1,451 | 2.5% |
| Net Income Margin (%) | 5.4% | 3.3% | -39.7% |
| P/E Multiple | 17.3 | 22.8 | 32.1% |
| Shares Outstanding (Mil) | 43 | 39 | 8.9% |
| Cumulative Contribution | -11.2% |
Market Drivers
7/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| ZD | -11.2% | |
| Market (SPY) | 9.4% | 31.5% |
| Sector (XLC) | 9.0% | 27.3% |
Fundamental Drivers
The -48.7% change in ZD stock from 1/31/2025 to 2/26/2026 was primarily driven by a -39.9% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.89 | 27.65 | -48.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,379 | 1,451 | 5.3% |
| Net Income Margin (%) | 4.5% | 3.3% | -27.9% |
| P/E Multiple | 37.9 | 22.8 | -39.9% |
| Shares Outstanding (Mil) | 44 | 39 | 12.4% |
| Cumulative Contribution | -48.7% |
Market Drivers
1/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| ZD | -48.7% | |
| Market (SPY) | 15.5% | 48.2% |
| Sector (XLC) | 15.0% | 43.4% |
Fundamental Drivers
The -69.1% change in ZD stock from 1/31/2023 to 2/26/2026 was primarily driven by a -87.2% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 89.48 | 27.65 | -69.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,403 | 1,451 | 3.4% |
| Net Income Margin (%) | 25.4% | 3.3% | -87.2% |
| P/E Multiple | 11.8 | 22.8 | 94.1% |
| Shares Outstanding (Mil) | 47 | 39 | 19.9% |
| Cumulative Contribution | -69.1% |
Market Drivers
1/31/2023 to 2/26/2026| Return | Correlation | |
|---|---|---|
| ZD | -69.1% | |
| Market (SPY) | 75.9% | 48.3% |
| Sector (XLC) | 118.2% | 40.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ZD Return | 29% | -29% | -15% | -19% | -35% | -24% | -69% |
| Peers Return | 3% | -28% | 22% | 14% | -29% | -20% | -41% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| ZD Win Rate | 67% | 25% | 42% | 42% | 33% | 50% | |
| Peers Win Rate | 49% | 38% | 57% | 53% | 43% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| ZD Max Drawdown | -3% | -38% | -26% | -41% | -46% | -25% | |
| Peers Max Drawdown | -23% | -44% | -16% | -24% | -46% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DV, OMC, TTD, MGNI, ZD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/26/2026 (YTD)
How Low Can It Go
| Event | ZD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.2% | -25.4% |
| % Gain to Breakeven | 128.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.5% | -33.9% |
| % Gain to Breakeven | 90.3% | 51.3% |
| Time to Breakeven | 183 days | 148 days |
| 2018 Correction | ||
| % Loss | -28.1% | -19.8% |
| % Gain to Breakeven | 39.0% | 24.7% |
| Time to Breakeven | 212 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.1% | -56.8% |
| % Gain to Breakeven | 171.0% | 131.3% |
| Time to Breakeven | 1,569 days | 1,480 days |
Compare to DV, OMC, TTD, MGNI, ZD
In The Past
Ziff Davis's stock fell -56.2% during the 2022 Inflation Shock from a high on 11/9/2021. A -56.2% loss requires a 128.1% gain to breakeven.
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About Ziff Davis (ZD)
AI Analysis | Feedback
1. Ziff Davis is like an InterActiveCorp (IAC) focused on digital media and online services.
2. Ziff Davis is like Dotdash Meredith (a subsidiary of IAC) for the tech, gaming, and health content industries.
AI Analysis | Feedback
- IGN: Offers news, reviews, and content primarily focused on video games, movies, and TV shows.
- PCMag: Provides comprehensive reviews, news, and expert advice on technology products and software.
- Everyday Health Group: Delivers health and wellness information, tools, and services to consumers and healthcare professionals through various brands.
- RetailMeNot: Operates a leading digital marketplace for coupons, promo codes, and deals from various retailers.
- Speedtest by Ookla: Provides internet speed testing and network diagnostic tools globally.
- Mashable: Publishes news and features covering technology, culture, science, and entertainment.
AI Analysis | Feedback
Ziff Davis (symbol: ZD) primarily sells to other businesses (B2B) rather than directly to individuals. While its various media properties reach millions of individual users, the company monetizes this audience by selling advertising, sponsorships, lead generation, and business services to other companies.
Ziff Davis's revenue is diversified across a broad base of customers, and according to its financial reports, no single customer accounts for more than 10% of its consolidated revenues. However, its major customers can be categorized by industry, with examples of typical companies within these categories that would leverage Ziff Davis's platforms and services:
-
Technology & Gaming Companies: These companies advertise hardware, software, services, and video games across Ziff Davis's extensive portfolio of tech and gaming media properties (e.g., PCMag, IGN, Mashable) and utilize its B2B IT services (e.g., Spiceworks).
- Microsoft Corporation (MSFT)
- Sony Group Corporation (SONY)
- Nintendo Co., Ltd. (NTDOY)
- Electronic Arts Inc. (EA)
- Dell Technologies Inc. (DELL)
- Cisco Systems, Inc. (CSCO)
-
Pharmaceutical & Healthcare Companies: These companies advertise prescription drugs, over-the-counter health products, medical devices, and healthcare services on Ziff Davis's health and wellness platforms (e.g., Everyday Health, What to Expect).
- Pfizer Inc. (PFE)
- Johnson & Johnson (JNJ)
- Merck & Co., Inc. (MRK)
- Various large healthcare providers and insurers (e.g., CVS Health Corporation (CVS), UnitedHealth Group Incorporated (UNH))
-
General Consumer Brands & E-commerce Retailers: A wide range of consumer brands, including automotive, financial services, and entertainment companies, advertise across Ziff Davis's diverse media properties. E-commerce retailers also drive significant affiliate marketing revenue through ZD's content.
- Amazon.com, Inc. (AMZN) - for affiliate partnerships and advertising
- The Walt Disney Company (DIS) - for entertainment advertising
- Various automotive manufacturers (e.g., Ford Motor Company (F), General Motors Company (GM))
AI Analysis | Feedback
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AI Analysis | Feedback
Vivek Shah, President & Chief Executive Officer
Vivek Shah is the Chief Executive Officer of Ziff Davis. He led the acquisition of Ziff Davis when it was a privately held company and its subsequent sale to J2 Global, which was later renamed Ziff Davis in 2021. Prior to his role at Ziff Davis, Shah held several management positions at Time Inc., a division of Time Warner, including Group President, Digital and President of the Fortune/Money Group. He acquired Ziff Davis in 2010 with financial backing from the private equity firm Great Hill Partners.
Bret Richter, Chief Financial Officer
Bret Richter is the Chief Financial Officer of Ziff Davis, overseeing the company's worldwide finance and accounting organization. He joined Ziff Davis from MSG Networks, where he served as Executive Vice President, Chief Financial Officer, and Treasurer. Before his time at MSG Networks, Richter was Executive Vice President, Corporate Finance and Development for Cablevision, where his responsibilities included financial strategy, corporate financial planning, business planning, and mergers and acquisitions. He also previously served as President of The Richter Consulting Group, Inc., a privately held advisory firm that provided consulting services to early-stage media companies.
Dan Stone, President, Everyday Health Group
Dan Stone has led the Everyday Health Group division of Ziff Davis since April 2018. He is an experienced industry leader in healthcare and digital media. Before joining Everyday Health, Stone was the CEO of AccentHealth, a patient education media company, where he led its growth and digital transformation before its successful sale to a strategic buyer.
Jeremy Rossen, Executive Vice President, General Counsel
Jeremy Rossen oversees Ziff Davis' legal team and manages the company's global legal matters, including mergers and acquisitions, intellectual property, litigation, compliance, regulatory affairs, and corporate governance. Before joining Ziff Davis in May 2015, Rossen served as a Senior Vice President at The Gores Group, a private equity firm. He also held positions as General Counsel at Helio LLC, a wireless telecommunications carrier, and Somera Communications, Inc., a telecommunications equipment company.
Steve Horowitz, President, Technology & Shopping
As President of Ziff Davis' Technology & Shopping Division, Steve Horowitz is responsible for the businesses within the Ziff Tech & Shopping Group. Previously, Horowitz was Senior Vice President, General Manager at Bankrate Inc., a leading aggregator of personal finance and mortgage content.
AI Analysis | Feedback
Key Risks to Ziff Davis (ZD)
- Technological Disruption from AI and Search Algorithm Changes: Ziff Davis's business model, particularly its content creation and digital media properties, faces a significant threat from the rapid pace of technological change, including the rise of generative AI. Changes in search algorithms have also been highlighted as a risk, leading to "search volatility" and "rank volatility". Although Ziff Davis maintains that less than 15% of its revenues are search-dependent and its sites perform well in AI overviews, this remains a primary concern for investors.
- Economic Uncertainty and Intense Market Competition: The company's revenue generation, heavily reliant on advertising and performance marketing, is susceptible to global economic uncertainties such as downturns, inflation, and elevated interest rates, which can reduce consumer spending and advertising budgets. Furthermore, Ziff Davis operates within a highly competitive digital media and internet industry characterized by rapid innovation and shifting consumer preferences.
- High Debt Load and Rising Operating Costs: Ziff Davis carries a substantial debt load, with approximately half of it maturing within the next three years, potentially necessitating refinancing at higher interest rates. The company has also experienced increasing operating costs and expenses, including sales and marketing, and depreciation and amortization, which could negatively impact its long-term profitability and operational sustainability.
AI Analysis | Feedback
The clear emerging threat for Ziff Davis (ZD) is the rapid advancement and integration of generative artificial intelligence (AI), particularly within major search engines and as standalone AI assistants.
This trend poses a direct threat to ZD's core business model across its Media (e.g., IGN, PCMag, RetailMeNot) and Health (e.g., Everyday Health Group, What to Expect) segments. As AI models become more sophisticated in generating summaries, answers, product comparisons, and health information directly within search results (such as Google's Search Generative Experience) or via conversational AI platforms, users may bypass traditional content websites. This shift could significantly reduce direct traffic to Ziff Davis's properties, thereby diminishing advertising and affiliate marketing revenue streams which are dependent on user engagement with their web content.
This parallels the historical examples of disruptive technologies by offering a new, potentially more direct and efficient way for users to obtain information, thereby threatening the established content distribution and monetization channels of Ziff Davis.
AI Analysis | Feedback
Ziff Davis (ZD) operates in several key markets, with main products and services categorized into Technology & Shopping, Gaming & Entertainment, Health & Wellness, Connectivity, and Cybersecurity & Martech. The addressable market sizes for these segments are as follows:
- Cybersecurity: The global cybersecurity market was valued at approximately USD 218.98 billion in 2025, with projections to grow to USD 562.77 billion by 2032. North America held the largest share of this market in 2024.
- Martech (Marketing Technology): The global marketing technology (MarTech) market is estimated at USD 557.94 billion in 2025 and is expected to reach USD 2,863.76 billion by 2034. The U.S. MarTech market alone is projected to be USD 128.88 billion in 2025 and could grow to USD 676.35 billion by 2034.
- Health & Wellness: The global wellness economy, a broader category that includes elements of Ziff Davis's digital health and wellness brands, exceeds $4.5 trillion.
- Technology & Shopping: null
- Gaming & Entertainment: null
- Connectivity (e.g., Ookla Speedtest): null
AI Analysis | Feedback
Ziff Davis (NASDAQ: ZD) is poised for future revenue growth over the next two to three years, driven by a combination of strategic acquisitions, strong performance in key market segments, expansion in advertising, and ongoing product innovation, particularly with artificial intelligence. The company has demonstrated a consistent focus on these areas in its recent earnings reports and strategic outlook.
Here are 3-5 expected drivers of Ziff Davis's future revenue growth:
- Strategic Acquisitions and M&A Program: Ziff Davis actively engages in a systematic acquisition program to bolster its portfolio. A notable example is the acquisition of CNET, which is expected to strengthen the company's position in technology publishing and advertising, leading to benefits from integrated, large-scale advertising programs. The company's management has indicated a willingness to leverage its balance sheet and cash flows to acquire businesses, and is also undertaking a strategic review to explore opportunities that could unlock shareholder value, potentially involving further acquisitions or divestitures to optimize its business structure.
- Growth in High-Performing Segments: The Health & Wellness segment has consistently been a strong performer, demonstrating significant year-over-year revenue and adjusted EBITDA growth. For instance, in Q3 2025, this segment experienced a 13% year-over-year revenue growth and an 18% increase in adjusted EBITDA. Additionally, the Cybersecurity & Martech segment has shown a return to growth, driven by robust performance in consumer VPN and cloud backup services. Ziff Davis expects its Health & Wellness and Connectivity businesses to be the largest contributors to second-half growth.
- Expansion of Advertising and Performance Marketing: Ziff Davis's digital media segment has shown consistent revenue growth, and the company is expanding its capabilities in advertising and performance marketing. This includes new SMS marketing services, which are anticipated to leverage rising costs in paid media and enhance the value of this marketing channel. In Q3 2025, advertising and performance marketing revenue grew by 5.9% year-over-year. The company aims to increase its customer base and average revenue per customer.
- AI-Driven Product Innovation and Enhancements: Ziff Davis is actively launching and integrating artificial intelligence into its product offerings across various key verticals. These AI-driven products, such as Ekahau AI Pro online and Viper AI Advisor, are designed to enhance product capabilities and user experience. Management has emphasized leveraging AI to enhance products and improve operational efficiency across its businesses. The company plans to continue investing in AI to enhance its portfolio.
- Growth in Subscription and Licensing Revenue: Subscription and licensing represent a stable and growing revenue stream for Ziff Davis. This segment saw a 1.8% growth in Q3 2024 and 2.7% over the preceding 12 months. In Q2 2025, subscription and licensing revenues increased by 5% year-over-year, and in Q3 2025, they grew by 2%. The Technology & Shopping segment's performance has also been bolstered by increased subscription and licensing revenues.
AI Analysis | Feedback
1. Share Repurchases
- Ziff Davis repurchased 3 million shares year-to-date through Q3 2025, deploying $109 million, which represents approximately 85% of its year-to-date free cash flow.
- In Q3 2025, the company deployed $44.4 million for share repurchases, acquiring nearly 1.1 million shares.
- As of August 2, 2024, Ziff Davis increased its share repurchase authorization by 5 million shares, bringing the total authorization to 10 million shares, with the plan extended until August 2, 2029.
2. Share Issuance
- For the three months ended September 30, 2025, Ziff Davis reported an issuance of common stock under its employee stock purchase plan totaling $3.751 million.
3. Inbound Investments
- Ziff Davis has engaged outside advisors to evaluate potential value-creating opportunities, including the potential sale of entire divisions, following inbound interest from third parties. However, no final decisions have been made, and there is no assurance that any transactions will occur.
4. Outbound Investments
- In the first nine months of 2025 (year-to-date through Q3 2025), Ziff Davis closed seven acquisitions and invested $67.3 million net of cash received for its M&A program.
- In Q3 2025, Ziff Davis completed two strategic acquisitions: Semantic Labs (Cybersecurity & Martech) and Etrality (Connectivity). In Q2 2025, the company acquired Forensic and Compliance Systems, Email Industries (both Cybersecurity & Martech), and Well+Good (Health & Wellness).
- Key acquisitions in recent years include RetailMeNot for $420 million in 2020, CNET for $100 million in 2024, and The Skimm in March 2025.
5. Capital Expenditures
- Ziff Davis's capital expenditures for fiscal year 2024 were $26 million.
- The company's estimated capital expenditures for 2025 are projected to be approximately $110 million to $119 million.
- The primary focus of capital allocation includes investments in proprietary AI platforms like HALO and IMAGINE to enhance advertising effectiveness and operational efficiency.
Latest Trefis Analyses
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Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | RBLX | Roblox | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.5% | 3.5% | -7.9% |
| 01162026 | META | Meta Platforms | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 5.4% | 5.4% | -2.6% |
| 01092026 | IRDM | Iridium Communications | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 22.2% | 22.2% | -4.6% |
| 12192025 | DIS | Walt Disney | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.6% | -5.6% | -8.0% |
| 12192025 | WMG | Warner Music | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -7.8% | -7.8% | -7.8% |
| 04302025 | ZD | Ziff Davis | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 14.2% | -9.1% | -10.2% |
| 12312022 | ZD | Ziff Davis | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -11.4% | -15.1% | -26.3% |
| 04302022 | ZD | Ziff Davis | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -11.1% | -17.2% | -22.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.95 |
| Mkt Cap | 1.9 |
| Rev LTM | 1,451 |
| Op Inc LTM | 183 |
| FCF LTM | 288 |
| FCF 3Y Avg | 261 |
| CFO LTM | 407 |
| CFO 3Y Avg | 372 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.1% |
| Rev Chg 3Y Avg | 7.7% |
| Rev Chg Q | 11.2% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 12.2% |
| Op Mgn 3Y Avg | 12.7% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 28.0% |
| CFO/Rev 3Y Avg | 26.5% |
| FCF/Rev LTM | 19.8% |
| FCF/Rev 3Y Avg | 19.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 2.1 |
| P/EBIT | 22.1 |
| P/E | 26.6 |
| P/CFO | 8.7 |
| Total Yield | 3.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 9.1% |
| D/E | 0.3 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.7% |
| 3M Rtn | -8.7% |
| 6M Rtn | -41.4% |
| 12M Rtn | -35.7% |
| 3Y Rtn | -56.5% |
| 1M Excs Rtn | -11.7% |
| 3M Excs Rtn | -11.6% |
| 6M Excs Rtn | -47.4% |
| 12M Excs Rtn | -57.8% |
| 3Y Excs Rtn | -130.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Health & Wellness | 362 | ||||
| Technology & Shopping | 331 | ||||
| Cybersecurity and Martech | 291 | 313 | |||
| Connectivity | 212 | ||||
| Gaming & Entertainment | 169 | ||||
| Corporate | 0 | 0 | 0 | ||
| Digital Media | 1,079 | 711 | |||
| Elimination of inter-segment revenues | -1 | -0 | |||
| Cloud Services | 662 | ||||
| Total | 1,364 | 1,391 | 1,372 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Connectivity | 71 | ||||
| Health & Wellness | 64 | ||||
| Gaming & Entertainment | 57 | ||||
| Cybersecurity and Martech | 43 | 50 | |||
| Technology & Shopping | -50 | ||||
| Corporate | -52 | -50 | -48 | ||
| Digital Media | 199 | 77 | |||
| Cloud Services | 248 | ||||
| Total | 133 | 199 | 277 |
Price Behavior
| Market Price | $27.65 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 07/23/1999 | |
| Distance from 52W High | -35.7% | |
| 50 Days | 200 Days | |
| DMA Price | $34.69 | $34.36 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -20.3% | -19.5% |
| 3M | 1YR | |
| Volatility | 50.5% | 52.7% |
| Downside Capture | 217.24 | 144.44 |
| Upside Capture | 85.77 | 77.24 |
| Correlation (SPY) | 35.4% | 47.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 1.06 | 1.32 | 1.23 | 1.29 | 1.29 |
| Up Beta | 3.42 | 2.65 | 1.73 | 1.77 | 1.35 | 1.26 |
| Down Beta | -0.78 | -0.14 | 0.60 | 2.12 | 1.53 | 1.38 |
| Up Capture | 244% | 226% | 200% | 93% | 68% | 83% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 19 | 27 | 60 | 116 | 359 |
| Down Capture | 102% | 76% | 123% | 41% | 118% | 109% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 22 | 34 | 65 | 133 | 390 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZD | |
|---|---|---|---|---|
| ZD | -41.0% | 53.6% | -0.80 | - |
| Sector ETF (XLC) | 15.9% | 18.7% | 0.65 | 43.3% |
| Equity (SPY) | 17.1% | 19.4% | 0.69 | 47.7% |
| Gold (GLD) | 79.3% | 25.7% | 2.25 | 3.9% |
| Commodities (DBC) | 10.9% | 16.8% | 0.45 | 18.7% |
| Real Estate (VNQ) | 6.6% | 16.6% | 0.21 | 39.4% |
| Bitcoin (BTCUSD) | -23.4% | 45.1% | -0.46 | 30.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZD | |
|---|---|---|---|---|
| ZD | -21.9% | 38.8% | -0.53 | - |
| Sector ETF (XLC) | 11.0% | 20.8% | 0.44 | 48.8% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 53.1% |
| Gold (GLD) | 23.6% | 17.2% | 1.12 | 5.9% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | 10.6% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 47.9% |
| Bitcoin (BTCUSD) | 4.0% | 57.0% | 0.29 | 24.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZD | |
|---|---|---|---|---|
| ZD | -7.2% | 35.0% | -0.12 | - |
| Sector ETF (XLC) | 9.6% | 22.4% | 0.52 | 51.4% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 53.7% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | 1.3% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 15.8% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 45.5% |
| Bitcoin (BTCUSD) | 66.3% | 66.8% | 1.06 | 15.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/7/2025 | -1.1% | -6.9% | 11.0% |
| 8/7/2025 | -2.7% | -3.9% | 2.2% |
| 5/9/2025 | 12.3% | 5.4% | 10.8% |
| 2/25/2025 | -9.5% | -17.7% | -12.1% |
| 11/8/2024 | 4.1% | -2.7% | 3.7% |
| 8/8/2024 | 0.8% | 5.6% | 15.9% |
| 2/22/2024 | 1.2% | 2.2% | -6.7% |
| 11/9/2023 | -0.8% | 8.2% | 3.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 12 |
| # Negative | 11 | 9 | 11 |
| Median Positive | 2.8% | 5.0% | 8.7% |
| Median Negative | -3.3% | -6.9% | -5.7% |
| Max Positive | 14.8% | 19.4% | 24.0% |
| Max Negative | -11.3% | -17.7% | -21.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fay, Sarah Ann | Direct | Buy | 9152025 | 36.89 | 1,354 | 49,949 | 871,305 | Form | |
| 2 | Kretzmer, W Brian | Direct | Buy | 3062025 | 38.33 | 653 | 25,029 | 497,063 | Form | |
| 3 | Shah, Vivek | Chief Executive Officer | See footnote. | Buy | 3062025 | 39.56 | 12,636 | 499,880 | 11,158,412 | Form |
| 4 | Richter, Bret | Chief Financial Officer | Direct | Buy | 3052025 | 39.21 | 2,500 | 98,025 | 640,652 | Form |
| 5 | Barsten, Jana | Direct | Buy | 3052025 | 38.08 | 1,000 | 38,080 | 165,534 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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