AE Wealth Management LLC Purchases 54,744 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Posted by Defense World Staff on Sep 22nd, 2023

AE Wealth Management LLC grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 76.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 125,956 shares of the company’s stock after acquiring an additional 54,744 shares during the quarter. AE Wealth Management LLC’s holdings in ZoomInfo Technologies were worth $3,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverbridge Partners LLC lifted its holdings in shares of ZoomInfo Technologies by 0.9% in the 1st quarter. Riverbridge Partners LLC now owns 1,540,219 shares of the company’s stock valued at $38,059,000 after acquiring an additional 13,880 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in ZoomInfo Technologies in the first quarter worth $5,002,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in ZoomInfo Technologies by 499.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,482 shares of the company’s stock worth $753,000 after buying an additional 25,399 shares during the last quarter. Dark Forest Capital Management LP lifted its position in ZoomInfo Technologies by 96,426.9% in the first quarter. Dark Forest Capital Management LP now owns 89,770 shares of the company’s stock worth $2,218,000 after buying an additional 89,677 shares during the last quarter. Finally, Truist Financial Corp lifted its position in ZoomInfo Technologies by 4,702.3% in the first quarter. Truist Financial Corp now owns 750,741 shares of the company’s stock worth $18,551,000 after buying an additional 735,108 shares during the last quarter. 89.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 11,977 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.27, for a total transaction of $206,842.79. Following the sale, the chief technology officer now owns 35,929 shares of the company’s stock, valued at approximately $620,493.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, 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 sale, the chief financial officer now directly owns 1,185,565 shares of the company’s stock, valued at approximately $30,184,484.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 11,977 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $17.27, for a total transaction of $206,842.79. Following the completion of the sale, the chief technology officer now directly owns 35,929 shares in the company, valued at $620,493.83. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

ZoomInfo Technologies Stock Down 1.4 %

Shares of ZI stock opened at $15.73 on Friday. ZoomInfo Technologies Inc. has a 1-year low of $15.53 and a 1-year high of $48.76. The stock’s fifty day moving average price is $19.98 and its 200 day moving average price is $22.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 52.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last announced its earnings results on Monday, July 31st. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. ZoomInfo Technologies had a return on equity of 10.22% and a net margin of 10.32%. The firm had revenue of $308.60 million for the quarter, compared to the consensus estimate of $310.33 million. On average, research analysts expect that ZoomInfo Technologies Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZI shares. Truist Financial decreased their price objective on shares of ZoomInfo Technologies from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Tuesday, August 1st. Morgan Stanley decreased their target price on ZoomInfo Technologies from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 2nd. Mizuho cut their price target on shares of ZoomInfo Technologies from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, August 1st. Finally, Stifel Nicolaus lowered their price objective on shares of ZoomInfo Technologies from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Get Our Latest Report on ZoomInfo Technologies

ZoomInfo Technologies Profile

(Free Report)

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.