ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by 49 Wealth Management LLC

49 Wealth Management LLC increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,345 shares of the company’s stock after buying an additional 1,360 shares during the quarter. 49 Wealth Management LLC’s holdings in ZoomInfo Technologies were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $55,448,000. Bailard Inc. lifted its holdings in shares of ZoomInfo Technologies by 420.0% in the fourth quarter. Bailard Inc. now owns 129,595 shares of the company’s stock valued at $2,396,000 after purchasing an additional 104,675 shares in the last quarter. Aquila Investment Management LLC lifted its holdings in shares of ZoomInfo Technologies by 155.8% in the fourth quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock valued at $4,493,000 after purchasing an additional 148,000 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $3,072,000. Finally, G2 Investment Partners Management LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $2,188,000. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZI has been the subject of several recent research reports. Stifel Nicolaus cut their price objective on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Wells Fargo & Company cut their target price on ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Citigroup cut their target price on ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Barclays cut their target price on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, KeyCorp lowered their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.86.

ZoomInfo Technologies Stock Down 1.3 %

ZI stock traded down $0.16 during trading hours on Friday, reaching $11.72. 4,773,325 shares of the stock were exchanged, compared to its average volume of 6,804,933. The firm’s 50-day moving average is $12.61 and its 200-day moving average is $14.99. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 58.60, a PEG ratio of 2.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.11. ZoomInfo Technologies Inc. has a 12 month low of $11.35 and a 12 month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The company had revenue of $310.10 million during the quarter, compared to the consensus estimate of $308.84 million. On average, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.69 earnings per share for the current year.

Insider Transactions at ZoomInfo Technologies

In related news, Director Mark Patrick Mader sold 3,112 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $39,771.36. Following the completion of the sale, the director now directly owns 17,622 shares in the company, valued at approximately $225,209.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total transaction of $92,775.00. Following the transaction, the chief financial officer now directly owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of ZoomInfo Technologies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the transaction, the director now directly owns 17,622 shares in the company, valued at $225,209.16. The disclosure for this sale can be found here. Insiders sold a total of 23,974 shares of company stock worth $298,154 in the last three months. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.