Assenagon Asset Management S.A. Makes New $622,000 Investment in Ziff Davis, Inc. $ZD

Assenagon Asset Management S.A. acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,833 shares of the technology company’s stock, valued at approximately $622,000.

Several other large investors have also modified their holdings of the stock. LSV Asset Management grew its holdings in shares of Ziff Davis by 17.5% during the fourth quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock worth $31,906,000 after purchasing an additional 135,021 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Ziff Davis by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock worth $30,249,000 after buying an additional 82,761 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Ziff Davis by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company’s stock worth $29,354,000 after buying an additional 44,923 shares during the period. Nuveen LLC increased its position in Ziff Davis by 10.2% during the fourth quarter. Nuveen LLC now owns 808,325 shares of the technology company’s stock worth $28,413,000 after buying an additional 75,047 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Ziff Davis by 260.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock valued at $21,005,000 after buying an additional 431,828 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Up 0.9%

Shares of NASDAQ ZD opened at $52.43 on Friday. The stock has a fifty day moving average price of $45.59 and a 200 day moving average price of $40.56. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. Ziff Davis, Inc. has a 12-month low of $22.45 and a 12-month high of $53.43. The company has a market cap of $1.93 billion, a P/E ratio of 46.40 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Research analysts anticipate that Ziff Davis, Inc. will post 4.08 EPS for the current fiscal year.

Insider Activity

In other Ziff Davis news, EVP Jeremy Rossen sold 8,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $47.00, for a total value of $376,000.00. Following the completion of the transaction, the executive vice president directly owned 14,462 shares of the company’s stock, valued at $679,714. This represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kirk P. Mcdonald sold 1,075 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $46.65, for a total value of $50,148.75. Following the sale, the director owned 13,468 shares of the company’s stock, valued at $628,282.20. This represents a 7.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 31,422 shares of company stock worth $1,468,864. 3.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZD shares. Citigroup raised their target price on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research report on Monday, May 11th. Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Ziff Davis in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada increased their target price on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.25.

Ziff Davis Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.