IFM Investors Pty Ltd Purchases 12,748 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

IFM Investors Pty Ltd grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 46.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,360 shares of the company’s stock after acquiring an additional 12,748 shares during the quarter. IFM Investors Pty Ltd’s holdings in ZoomInfo Technologies were worth $2,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. bought a new stake in shares of ZoomInfo Technologies during the first quarter valued at approximately $29,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of ZoomInfo Technologies during the first quarter valued at approximately $60,000. Prospera Financial Services Inc bought a new stake in ZoomInfo Technologies during the first quarter worth $60,000. Cornerstone Advisory LLC bought a new stake in ZoomInfo Technologies during the fourth quarter worth $64,000. Finally, Exane Derivatives bought a new stake in ZoomInfo Technologies during the first quarter worth $67,000. Institutional investors own 82.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James decreased their price target on ZoomInfo Technologies from $70.00 to $65.00 in a report on Tuesday, May 3rd. Stifel Nicolaus decreased their price target on ZoomInfo Technologies from $85.00 to $75.00 in a report on Tuesday, May 3rd. Canaccord Genuity Group decreased their price target on ZoomInfo Technologies from $68.00 to $56.00 in a report on Thursday. UBS Group upped their price target on ZoomInfo Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays decreased their price target on ZoomInfo Technologies from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Eighteen analysts have rated the stock with a buy rating, According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Buy” and an average target price of $69.89.

ZoomInfo Technologies Stock Up 2.3 %

Shares of NASDAQ ZI opened at $47.73 on Friday. ZoomInfo Technologies Inc. has a one year low of $30.31 and a one year high of $79.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.20. The business’s fifty day moving average price is $37.33 and its 200-day moving average price is $46.48. The stock has a market capitalization of $19.25 billion, a PE ratio of 176.78, a P/E/G ratio of 2.68 and a beta of 1.62.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its quarterly earnings results 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 return on equity of 7.16% and a net margin of 13.61%. The firm had revenue of $267.10 million for the quarter, compared to analysts’ expectations of $254.45 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. On average, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.48 EPS for the current year.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck sold 143,761 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $42.36, for a total transaction of $6,089,715.96. Following the sale, the chief executive officer now directly owns 15,288,001 shares in the company, valued at approximately $647,599,722.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Henry Schuck sold 143,761 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $42.36, for a total transaction of $6,089,715.96. Following the sale, the chief executive officer now directly owns 15,288,001 shares in the company, valued at approximately $647,599,722.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $45.02, for a total value of $668,637.04. Following the sale, the insider now owns 41,656,293 shares in the company, valued at $1,875,366,310.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,346 shares of company stock worth $13,303,170. 9.70% of the stock is owned by company insiders.

ZoomInfo Technologies Company Profile

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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.

Further Reading

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

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