Impax Asset Management Group plc Purchases Shares of 64,406 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Impax Asset Management Group plc purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 64,406 shares of the company’s stock, valued at approximately $677,000.

A number of other large investors have also recently added to or reduced their stakes in ZI. Creative Planning acquired a new stake in ZoomInfo Technologies in the third quarter valued at $254,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZoomInfo Technologies in the third quarter valued at $37,000. State of Alaska Department of Revenue lifted its stake in ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after acquiring an additional 2,275 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in ZoomInfo Technologies by 35.2% in the third quarter. Horrell Capital Management Inc. now owns 365,000 shares of the company’s stock valued at $3,767,000 after acquiring an additional 95,000 shares during the last quarter. Finally, US Bancorp DE lifted its stake in ZoomInfo Technologies by 164.7% in the third quarter. US Bancorp DE now owns 12,742 shares of the company’s stock valued at $131,000 after acquiring an additional 7,928 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at $1,306,435.59. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.

ZoomInfo Technologies Price Performance

ZI stock opened at $9.53 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $17.45. The firm has a market cap of $3.27 billion, a P/E ratio of 317.77, a P/E/G ratio of 13.05 and a beta of 1.01. The company’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.32.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. On average, analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ZI shares. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Citigroup raised their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Piper Sandler restated an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus price target of $12.15.

ZoomInfo Technologies 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.