Lazard Asset Management LLC Sells 336,277 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Lazard Asset Management LLC lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 49.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,425 shares of the company’s stock after selling 336,277 shares during the quarter. Lazard Asset Management LLC owned 0.09% of ZoomInfo Technologies worth $5,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZI. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 63.9% during the 4th quarter. Pacer Advisors Inc. now owns 56,974 shares of the company’s stock worth $1,053,000 after acquiring an additional 22,214 shares during the last quarter. Fifth Third Bancorp boosted its holdings in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in ZoomInfo Technologies by 15.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 62,400 shares of the company’s stock worth $1,154,000 after acquiring an additional 8,500 shares during the last quarter. Oak Thistle LLC purchased a new position in ZoomInfo Technologies during the 4th quarter worth $484,000. Finally, Arizona State Retirement System boosted its holdings in ZoomInfo Technologies by 10.1% during the 4th quarter. Arizona State Retirement System now owns 78,560 shares of the company’s stock worth $1,453,000 after acquiring an additional 7,213 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. KeyCorp cut their price objective on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Stifel Nicolaus cut their price target on shares of ZoomInfo Technologies from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Barclays cut their price target on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Mizuho downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $14.00 in a report on Wednesday, May 8th. Finally, Morgan Stanley cut their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus target price of $18.67.

ZoomInfo Technologies Trading Down 0.7 %

Shares of ZI opened at $11.51 on Monday. The business’s 50-day moving average price is $12.21 and its 200-day moving average price is $14.56. ZoomInfo Technologies Inc. has a twelve month low of $10.83 and a twelve month high of $26.23. The stock has a market cap of $4.30 billion, a PE ratio of 57.95, a P/E/G ratio of 2.79 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The firm had revenue of $310.10 million for the quarter, compared to analysts’ expectations of $308.84 million. On average, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $39,771.36. Following the transaction, the director now directly owns 17,622 shares in the company, valued at $225,209.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the transaction, the director now owns 17,622 shares in the company, valued at $225,209.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,974 shares of company stock worth $298,154. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc, together with 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.