Xponance Inc. Raises Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Posted by Defense World Staff on Sep 28th, 2023

Xponance Inc. raised its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 36.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,607 shares of the company’s stock after purchasing an additional 13,805 shares during the period. Xponance Inc.’s holdings in ZoomInfo Technologies were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ZI. US Bancorp DE grew its stake in shares of 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 acquiring an additional 1,879 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in ZoomInfo Technologies by 78.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,357 shares of the company’s stock worth $678,000 after purchasing an additional 4,999 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in ZoomInfo Technologies by 47.2% during the 1st 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. raised 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 worth $1,489,000 after buying an additional 18,596 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of ZoomInfo Technologies by 10.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,573 shares of the company’s stock worth $2,603,000 after buying an additional 4,118 shares during the period. 89.59% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Up 2.8 %

Shares of ZI opened at $16.22 on Thursday. ZoomInfo Technologies Inc. has a 52-week low of $15.53 and a 52-week high of $48.76. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $18.98 and a two-hundred day simple moving average of $22.31. The company has a market capitalization of $6.51 billion, a PE ratio of 54.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last released its quarterly earnings data on Monday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. ZoomInfo Technologies had a net margin of 10.32% and a return on equity of 10.22%. The firm had revenue of $308.60 million during the quarter, compared to analysts’ expectations of $310.33 million. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

ZI has been the subject of a number of research analyst reports. Barclays reduced their target price on ZoomInfo Technologies from $34.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, August 1st. Credit Suisse Group cut their price target on shares of ZoomInfo Technologies from $32.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, August 1st. Citigroup assumed coverage on shares of ZoomInfo Technologies in a research note on Tuesday, September 5th. They set a “neutral” rating and a $19.00 price objective for the company. Royal Bank of Canada cut their price objective on shares of ZoomInfo Technologies from $28.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 1st. Finally, The Goldman Sachs Group lowered their price target on shares of ZoomInfo Technologies from $34.00 to $30.00 and set a “buy” rating on the stock in a 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.14.

Read Our Latest Research Report on ZI

Insiders Place Their Bets

In related news, CTO Ali Dasdan sold 11,977 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $17.27, for a total transaction of $206,842.79. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 10,000 shares of the firm’s stock in a transaction that occurred 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 owns 1,185,565 shares of the company’s stock, valued at approximately $30,184,484.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Ali Dasdan sold 11,977 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.27, for a total value of $206,842.79. Following the sale, the chief technology officer now directly owns 35,929 shares in the company, valued at approximately $620,493.83. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

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.