DekaBank Deutsche Girozentrale Cuts Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Posted by on Oct 16th, 2023

DekaBank Deutsche Girozentrale decreased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 40.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,929 shares of the company’s stock after selling 21,239 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ZoomInfo Technologies were worth $803,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in ZoomInfo Technologies by 222.2% during the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. HighMark Wealth Management LLC bought a new stake in ZoomInfo Technologies during the 1st quarter valued at $41,000. Private Trust Co. NA raised its holdings in ZoomInfo Technologies by 102.9% during the 1st 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. Machina Capital S.A.S. bought a new stake in ZoomInfo Technologies during the 1st quarter valued at $57,000. Finally, Ossiam raised its holdings in ZoomInfo Technologies by 71.4% during the 1st quarter. Ossiam now owns 3,272 shares of the company’s stock valued at $81,000 after buying an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Insider Activity

In other news, CTO Ali Dasdan sold 11,977 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.27, for a total value of $206,842.79. Following the transaction, the chief technology officer now owns 35,929 shares in the company, valued at approximately $620,493.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI opened at $16.85 on Monday. The firm’s 50-day moving average price is $17.38 and its 200-day moving average price is $21.77. 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 company has a market cap of $6.76 billion, a PE ratio of 56.17, a PEG ratio of 2.28 and a beta of 1.01. ZoomInfo Technologies Inc. has a 52-week low of $15.53 and a 52-week high of $47.76.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James decreased their price objective on shares of ZoomInfo Technologies from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, August 1st. Wells Fargo & Company decreased their price objective on shares of ZoomInfo Technologies from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, August 1st. Piper Sandler decreased their price objective on shares of ZoomInfo Technologies from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, August 1st. Bank of America decreased their price objective on shares of ZoomInfo Technologies from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, August 1st. Finally, Royal Bank of Canada decreased their price objective on shares of ZoomInfo Technologies from $28.00 to $22.00 and set a “sector perform” rating for the company in a report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.15.

Read Our Latest Stock Report on ZI

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.

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Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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