Verition Fund Management LLC Raises Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Verition Fund Management LLC boosted its position in ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 236.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,466 shares of the company’s stock after acquiring an additional 16,489 shares during the period. Verition Fund Management LLC’s holdings in ZoomInfo Technologies were worth $1,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZI. Dimensional Fund Advisors LP grew its stake in ZoomInfo Technologies by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 23,915 shares of the company’s stock worth $1,535,000 after acquiring an additional 1,646 shares during the period. abrdn plc purchased a new stake in ZoomInfo Technologies in the 4th quarter worth approximately $244,000. Ensign Peak Advisors Inc grew its stake in ZoomInfo Technologies by 462.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 74,349 shares of the company’s stock worth $4,773,000 after acquiring an additional 61,140 shares during the period. Gamco Investors INC. ET AL grew its stake in ZoomInfo Technologies by 13.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 50,301 shares of the company’s stock worth $3,229,000 after acquiring an additional 5,898 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of ZoomInfo Technologies by 77.6% during the 4th quarter. Geode Capital Management LLC now owns 2,936,245 shares of the company’s stock valued at $188,262,000 after buying an additional 1,283,312 shares during the period. 91.42% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $41.75 on Wednesday. ZoomInfo Technologies Inc. has a 12 month low of $30.31 and a 12 month 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 1.08. The firm has a market capitalization of $16.84 billion, a P/E ratio of 154.63, a P/E/G ratio of 2.73 and a beta of 1.39. The company’s fifty day moving average price is $43.58 and its two-hundred day moving average price is $45.04.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 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 during the quarter, compared to analyst estimates of $254.45 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. On average, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Peter Cameron Hyzer sold 5,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $43.70, for a total value of $218,500.00. Following the sale, the chief financial officer now owns 1,142,531 shares in the company, valued at approximately $49,928,604.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Peter Cameron Hyzer sold 5,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $43.70, for a total value of $218,500.00. Following the sale, the chief financial officer now owns 1,142,531 shares in the company, valued at approximately $49,928,604.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Subsidiary Holdings L.L.C. Cg sold 167,755 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $50.85, for a total transaction of $8,530,341.75. Following the completion of the sale, the insider now owns 40,307,862 shares in the company, valued at approximately $2,049,654,782.70. The disclosure for this sale can be found here. Insiders have sold 576,663 shares of company stock worth $27,752,445 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of ZoomInfo Technologies from $71.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, August 2nd. Credit Suisse Group lowered their price objective on shares of ZoomInfo Technologies from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, August 2nd. UBS Group boosted their price objective on shares of ZoomInfo Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Barclays lowered their price objective on shares of ZoomInfo Technologies from $64.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $69.06.

ZoomInfo Technologies Company Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding ZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating).

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

Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.