Semanteon Capital Management LP Invests $280,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Semanteon Capital Management LP acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,166 shares of the technology company’s stock, valued at approximately $280,000.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after acquiring an additional 378 shares during the period. Headinvest LLC bought a new stake in shares of Ziff Davis in the third quarter worth $44,000. Blue Trust Inc. grew its holdings in shares of Ziff Davis by 31.5% in the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock worth $54,000 after acquiring an additional 204 shares during the period. Signaturefd LLC grew its holdings in shares of Ziff Davis by 86.2% in the fourth quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock worth $67,000 after acquiring an additional 461 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in shares of Ziff Davis in the third quarter worth $225,000. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $51.21 on Friday. The stock’s 50-day simple moving average is $61.53 and its 200-day simple moving average is $63.71. Ziff Davis, Inc. has a 52 week low of $50.13 and a 52 week high of $75.58. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 62.45 and a beta of 1.19. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.17 by $0.02. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. The business had revenue of $389.89 million for the quarter, compared to the consensus estimate of $400.71 million. As a group, analysts expect that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZD has been the subject of several research analyst reports. UBS Group cut their price objective on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, February 23rd. Wedbush lifted their price objective on Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Evercore ISI boosted their price target on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Barclays boosted their price target on Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.17.

Insider Activity

In related news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the sale, the executive vice president now directly owns 7,261 shares in the company, valued at $504,131.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.08% of the company’s stock.

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.