ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Victory Capital Management Inc.

Posted by Defense World Staff on May 24th, 2023

Victory Capital Management Inc. cut its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 57.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 430,242 shares of the company’s stock after selling 582,170 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of ZoomInfo Technologies worth $12,607,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. US Bancorp DE grew its position in ZoomInfo Technologies by 16.2% during the first quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $807,000 after buying an additional 1,879 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of ZoomInfo Technologies by 78.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,357 shares of the company’s stock valued at $678,000 after purchasing an additional 4,999 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of ZoomInfo Technologies by 47.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $115,000 after purchasing an additional 617 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of ZoomInfo Technologies by 294.1% in the first quarter. Panagora Asset Management Inc. now owns 24,918 shares of the company’s stock valued at $1,489,000 after purchasing an additional 18,596 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of ZoomInfo Technologies by 10.4% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,573 shares of the company’s stock valued at $2,603,000 after purchasing an additional 4,118 shares in the last quarter. 84.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZI has been the topic of several recent analyst reports. Credit Suisse Group reduced their price objective on shares of ZoomInfo Technologies from $40.00 to $32.00 in a research note on Tuesday, May 2nd. UBS Group lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $34.00 to $33.00 in a report on Tuesday, February 7th. Bank of America lowered their price target on shares of ZoomInfo Technologies from $30.00 to $28.00 in a report on Tuesday, May 2nd. The Goldman Sachs Group lowered their price target on shares of ZoomInfo Technologies from $54.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. Finally, Stifel Nicolaus lowered their price target on shares of ZoomInfo Technologies from $34.00 to $30.00 in a report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $34.70.

Insider Transactions at ZoomInfo Technologies

In other news, CFO Peter Cameron Hyzer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $22.09, for a total value of $220,900.00. Following the transaction, the chief financial officer now directly owns 1,177,455 shares in the company, valued at approximately $26,009,980.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Trading Down 2.0 %

ZoomInfo Technologies stock opened at $24.74 on Wednesday. The firm’s 50-day moving average is $22.60 and its 200-day moving average is $25.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.47 and a current ratio of 1.47. ZoomInfo Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $51.86. The company has a market cap of $9.95 billion, a P/E ratio of 98.96, a PEG ratio of 2.67 and a beta of 0.95.

ZoomInfo Technologies Company 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.