Daiwa Securities Group Inc. trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 23.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,847 shares of the company’s stock after selling 8,430 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $688,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. CI Investments Inc. increased its holdings in ZoomInfo Technologies by 123.2% in the fourth quarter. CI Investments Inc. now owns 819 shares of the company’s stock valued at $25,000 after buying an additional 452 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in ZoomInfo Technologies in the fourth quarter valued at about $35,000. Parallel Advisors LLC increased its holdings in ZoomInfo Technologies by 84.5% in the fourth quarter. Parallel Advisors LLC now owns 1,199 shares of the company’s stock valued at $36,000 after buying an additional 549 shares during the last quarter. HighMark Wealth Management LLC bought a new stake in ZoomInfo Technologies in the first quarter valued at about $41,000. Finally, Private Trust Co. NA increased its holdings in ZoomInfo Technologies by 102.9% in the first quarter. Private Trust Co. NA now owns 2,051 shares of the company’s stock valued at $51,000 after buying an additional 1,040 shares during the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.
ZoomInfo Technologies Stock Performance
ZI opened at $25.77 on Friday. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 103.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.47 and a quick ratio of 1.47. ZoomInfo Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $51.86. The business has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $24.87.
Insiders Place Their Bets
In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $25.46, for a total value of $254,600.00. Following the transaction, the chief financial officer now owns 1,185,565 shares of the company’s stock, valued at $30,184,484.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other ZoomInfo Technologies news, COO Joseph Christopher Hays sold 30,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $26.49, for a total value of $794,700.00. Following the transaction, the chief operating officer now owns 551,456 shares of the company’s stock, valued at $14,608,069.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter Cameron Hyzer sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $25.46, for a total value of $254,600.00. Following the completion of the transaction, the chief financial officer now directly owns 1,185,565 shares in the company, valued at approximately $30,184,484.90. The disclosure for this sale can be found here. Insiders sold 2,090,000 shares of company stock worth $55,325,700 over the last ninety days. Company insiders own 8.10% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ZI. Credit Suisse Group lowered their price objective on ZoomInfo Technologies from $40.00 to $32.00 in a report on Tuesday, May 2nd. Needham & Company LLC started coverage on ZoomInfo Technologies in a research note on Wednesday, June 28th. They issued a “buy” rating and a $35.00 target price for the company. DA Davidson lifted their target price on ZoomInfo Technologies from $30.00 to $40.00 in a research note on Thursday, May 18th. Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $40.00 to $34.00 in a research note on Tuesday, May 2nd. Finally, Raymond James decreased their target price on ZoomInfo Technologies from $33.00 to $28.00 in a research note on Tuesday, May 2nd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.90.
ZoomInfo Technologies Company Profile
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.
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