Assenagon Asset Management S.A. Sells 17,146 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Assenagon Asset Management S.A. trimmed its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 15.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 96,050 shares of the technology company's stock after selling 17,146 shares during the quarter. Assenagon Asset Management S.A. owned about 0.21% of Ziff Davis worth $4,674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth $25,000. Quest Partners LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth $38,000. Innealta Capital LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth $75,000. Blue Trust Inc. lifted its position in shares of Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock worth $93,000 after buying an additional 708 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Ziff Davis during the 2nd quarter worth $93,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Down 0.3 %

Ziff Davis stock traded down $0.16 during mid-day trading on Wednesday, reaching $47.28. The stock had a trading volume of 289,168 shares, compared to its average volume of 432,308. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The stock's 50-day simple moving average is $47.34 and its 200-day simple moving average is $50.06. The firm has a market capitalization of $2.12 billion, a PE ratio of 29.19 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The firm had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. During the same period last year, the business posted $1.12 EPS. The company's revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZD shares. Citigroup dropped their target price 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Barclays dropped their target price 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.50.

Ziff Davis 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.