Barclays PLC Sells 55,571 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Barclays PLC lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,971 shares of the company’s stock after selling 55,571 shares during the period. Barclays PLC owned 0.09% of ZoomInfo Technologies worth $14,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ZI. US Bancorp DE raised its stake in shares of ZoomInfo Technologies by 16.2% in the first quarter. US Bancorp DE now owns 13,497 shares of the company’s stock valued at $807,000 after acquiring an additional 1,879 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of ZoomInfo Technologies by 78.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,357 shares of the company’s stock valued at $678,000 after acquiring an additional 4,999 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of ZoomInfo Technologies by 47.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $115,000 after acquiring an additional 617 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of ZoomInfo Technologies by 294.1% in the first quarter. Panagora Asset Management Inc. now owns 24,918 shares of the company’s stock valued at $1,489,000 after acquiring an additional 18,596 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of ZoomInfo Technologies by 10.4% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,573 shares of the company’s stock valued at $2,603,000 after acquiring an additional 4,118 shares during the last quarter. Institutional investors own 84.96% of the company’s stock.

ZoomInfo Technologies Trading Down 1.0 %

Shares of NASDAQ ZI opened at $26.73 on Wednesday. The company’s fifty day moving average is $28.02 and its 200-day moving average is $37.13. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 58.11, a P/E/G ratio of 1.90 and a beta of 0.97. ZoomInfo Technologies Inc. has a twelve month low of $23.29 and a twelve month high of $61.44. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.56.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $287.60 million for the quarter, compared to the consensus estimate of $277.90 million. ZoomInfo Technologies had a return on equity of 7.92% and a net margin of 18.15%. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.45 EPS for the current year.

Insider Transactions at ZoomInfo Technologies

In related news, CEO Henry Schuck sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $28.16, for a total value of $28,160,000.00. Following the sale, the chief executive officer now directly owns 14,288,001 shares of the company’s stock, valued at approximately $402,350,108.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho lowered their price target on shares of ZoomInfo Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 8th. Raymond James lowered their price target on shares of ZoomInfo Technologies from $65.00 to $41.00 in a report on Wednesday, November 2nd. The Goldman Sachs Group lowered their price target on shares of ZoomInfo Technologies from $62.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Truist Financial lowered shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $65.00 to $28.00 in a report on Tuesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.33.

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

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