Insider Selling: ZoomInfo Technologies Inc. (NASDAQ:ZI) Director Sells 555 Shares of Stock

ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) Director Keith Enright sold 555 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $45.00, for a total value of $24,975.00. Following the transaction, the director now owns 14,249 shares of the company’s stock, valued at approximately $641,205. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ZoomInfo Technologies Trading Up 2.3 %

ZI stock traded up $1.07 during mid-day trading on Friday, reaching $47.73. 3,900,062 shares of the stock traded hands, compared to its average volume of 4,076,465. The company has a current ratio of 1.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies Inc. has a 52-week low of $30.31 and a 52-week high of $79.17. The company has a market cap of $19.25 billion, a P/E ratio of 176.78, a P/E/G ratio of 2.68 and a beta of 1.62. The stock’s fifty day moving average is $37.20 and its 200-day moving average is $46.49.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. ZoomInfo Technologies had a net margin of 13.61% and a return on equity of 7.16%. The company had revenue of $267.10 million during the quarter, compared to analyst estimates of $254.45 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 53.5% on a year-over-year basis. As a group, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZI. Morgan Stanley reduced their price target on ZoomInfo Technologies from $81.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Canaccord Genuity Group reduced their price target on ZoomInfo Technologies from $68.00 to $56.00 in a research report on Thursday. Piper Sandler boosted their price target on ZoomInfo Technologies from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stifel Nicolaus reduced their price target on ZoomInfo Technologies from $85.00 to $75.00 in a research report on Tuesday, May 3rd. Finally, Barclays reduced their price target on ZoomInfo Technologies from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Eighteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $69.89.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the stock. SJS Investment Consulting Inc. purchased a new stake in shares of ZoomInfo Technologies in the first quarter worth approximately $29,000. Cornerstone Advisory LLC bought a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $64,000. Robeco Institutional Asset Management B.V. bought a new position in ZoomInfo Technologies during the first quarter valued at approximately $60,000. Prospera Financial Services Inc bought a new position in ZoomInfo Technologies during the first quarter valued at approximately $60,000. Finally, Exane Derivatives bought a new position in ZoomInfo Technologies during the first quarter valued at approximately $67,000. 82.92% of the stock is owned by hedge funds and other institutional investors.

About ZoomInfo Technologies

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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.

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Insider Buying and Selling by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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