Asset Management One Co. Ltd. Has $3.12 Million Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Posted by Defense World Staff on May 2nd, 2023

Asset Management One Co. Ltd. decreased its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,503 shares of the company’s stock after selling 12,681 shares during the quarter. Asset Management One Co. Ltd.’s holdings in ZoomInfo Technologies were worth $3,120,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $26,000. Dupont Capital Management Corp acquired a new position in ZoomInfo Technologies during the 3rd quarter worth about $38,000. CWM LLC lifted its holdings in ZoomInfo Technologies by 261.5% during the 3rd quarter. CWM LLC now owns 1,193 shares of the company’s stock worth $50,000 after buying an additional 863 shares during the period. Benjamin Edwards Inc. acquired a new position in ZoomInfo Technologies during the 3rd quarter worth about $60,000. Finally, Signaturefd LLC lifted its holdings in ZoomInfo Technologies by 169.3% during the 3rd quarter. Signaturefd LLC now owns 1,616 shares of the company’s stock worth $67,000 after buying an additional 1,016 shares during the period. Institutional investors and hedge funds own 84.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ZI shares. Barclays cut their target price on ZoomInfo Technologies from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, February 7th. UBS Group lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $34.00 to $33.00 in a research report on Tuesday, February 7th. Truist Financial lowered ZoomInfo Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $65.00 to $28.00 in a research report on Tuesday, January 10th. The Goldman Sachs Group lowered their price objective on ZoomInfo Technologies from $54.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Finally, JPMorgan Chase & Co. lowered their price objective on ZoomInfo Technologies from $34.00 to $31.00 in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.16.

ZoomInfo Technologies Price Performance

ZI stock opened at $21.70 on Tuesday. The company has a market capitalization of $8.77 billion, a P/E ratio of 135.63, a price-to-earnings-growth ratio of 2.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. ZoomInfo Technologies Inc. has a 52-week low of $20.72 and a 52-week high of $54.43. The business has a 50-day simple moving average of $23.33 and a two-hundred day simple moving average of $27.97.

ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last released its quarterly earnings results on Monday, February 6th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $301.70 million during the quarter, compared to the consensus estimate of $298.80 million. ZoomInfo Technologies had a return on equity of 8.32% and a net margin of 5.76%. Research analysts expect that ZoomInfo Technologies Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $28.28, for a total value of $28,280,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,288,001 shares of the company’s stock, valued at $347,504,668.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.70% of the company’s stock.

ZoomInfo Technologies Profile

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ZoomInfo Technologies Inc, through 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.