ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 371,526 shares of the company’s stock after selling 34,473 shares during the period. Stanley Laman Group Ltd.’s holdings in ZoomInfo Technologies were worth $4,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners purchased a new stake in ZoomInfo Technologies during the 1st quarter worth approximately $613,000. Norges Bank acquired a new position in ZoomInfo Technologies in the 4th quarter valued at $55,448,000. Bailard Inc. boosted its stake in ZoomInfo Technologies by 420.0% during the 4th quarter. Bailard Inc. now owns 129,595 shares of the company’s stock worth $2,396,000 after purchasing an additional 104,675 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of ZoomInfo Technologies by 7.1% during the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after buying an additional 17,193 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $3,072,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZI. The Goldman Sachs Group cut shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $19.50 to $12.00 in a research note on Wednesday, May 8th. Truist Financial cut their price target on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Piper Sandler lowered their price target on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.40.

ZoomInfo Technologies Trading Down 0.7 %

NASDAQ ZI traded down $0.06 during trading on Friday, hitting $9.14. The stock had a trading volume of 5,439,086 shares, compared to its average volume of 6,710,260. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.42 billion, a PE ratio of 45.70, a PEG ratio of 5.43 and a beta of 1.06. The firm has a 50 day moving average price of $11.33 and a 200 day moving average price of $13.94. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current year.

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the acquisition, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total transaction of $92,775.00. Following the sale, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at approximately $16,285,327.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 23,974 shares of company stock valued at $298,154. 8.10% of the stock is currently owned by corporate insiders.

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.