M&G Plc Buys New Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

M&G Plc purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 733,377 shares of the company’s stock, valued at approximately $9,534,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its stake in shares of ZoomInfo Technologies by 44.0% in the 1st quarter. Fifth Third Bancorp now owns 2,381 shares of the company’s stock valued at $38,000 after purchasing an additional 728 shares in the last quarter. GAMMA Investing LLC acquired a new position in ZoomInfo Technologies in the fourth quarter valued at about $43,000. Covestor Ltd grew its stake in ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares during the last quarter. International Assets Investment Management LLC grew its stake in ZoomInfo Technologies by 792.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after buying an additional 2,939 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth approximately $62,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

ZI has been the topic of a number of research analyst reports. Citigroup decreased their price target on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Mizuho lowered their target price on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus reduced their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Daiwa America lowered shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.40.

ZoomInfo Technologies Stock Up 5.7 %

Shares of ZI stock opened at $9.21 on Wednesday. The firm’s fifty day moving average price is $11.52 and its two-hundred day moving average price is $14.06. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.44 billion, a P/E ratio of 46.05, a PEG ratio of 5.51 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. During the same period last year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the sale, the chief technology officer now owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the transaction, the chief technology officer now owns 87,540 shares of the company’s stock, valued at $1,041,726. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the sale, the director now owns 17,622 shares in the company, valued at approximately $225,209.16. The disclosure for this sale can be found here. Insiders sold 23,974 shares of company stock valued at $298,154 in the last quarter. 8.10% of the stock is currently owned by insiders.

About ZoomInfo Technologies

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.