ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 46.5% during the first quarter, HoldingsChannel.com reports. The firm owned 172,152 shares of the company’s stock after selling 149,609 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ZoomInfo Technologies were worth $2,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Trust raised its stake in ZoomInfo Technologies by 5.9% during the fourth quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after buying an additional 628 shares in the last quarter. Fifth Third Bancorp raised its position in shares of ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after acquiring an additional 646 shares in the last quarter. Retirement Systems of Alabama lifted its stake in ZoomInfo Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after purchasing an additional 976 shares during the last quarter. 49 Wealth Management LLC boosted its holdings in ZoomInfo Technologies by 11.3% in the first quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock worth $214,000 after purchasing an additional 1,360 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in ZoomInfo Technologies by 45.3% during the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. Citigroup lowered their target price on ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, May 9th. Barclays cut their price target on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. UBS Group reduced their price objective on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus dropped their target price on ZoomInfo Technologies from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.21.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI traded down $0.61 during trading on Friday, reaching $10.41. The company had a trading volume of 7,896,087 shares, compared to its average volume of 5,401,481. The firm’s fifty day moving average is $12.01 and its 200 day moving average is $14.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $3.89 billion, a PE ratio of 52.05, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06. ZoomInfo Technologies Inc. has a twelve month low of $10.40 and a twelve month high of $19.39.

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

Insider Transactions at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the transaction, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. 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 firm’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 sale, the director now owns 17,622 shares of the company’s stock, valued at $225,209.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,974 shares of company stock valued at $298,154. Corporate 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.