ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 23.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,218 shares of the company’s stock after acquiring an additional 4,865 shares during the period. Truist Financial Corp’s holdings in ZoomInfo Technologies were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Brown Advisory Inc. boosted its position in shares of ZoomInfo Technologies by 8.3% during the 2nd quarter. Brown Advisory Inc. now owns 7,175 shares of the company’s stock worth $238,000 after purchasing an additional 552 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of ZoomInfo Technologies by 47.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock worth $115,000 after buying an additional 617 shares in the last quarter. Mission Wealth Management LP boosted its position in shares of ZoomInfo Technologies by 4.9% in the 3rd quarter. Mission Wealth Management LP now owns 14,770 shares of the company’s stock worth $615,000 after buying an additional 687 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of ZoomInfo Technologies by 4.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,796 shares of the company’s stock worth $700,000 after buying an additional 755 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of ZoomInfo Technologies by 5.9% in the 2nd quarter. Vontobel Holding Ltd. now owns 14,595 shares of the company’s stock worth $499,000 after buying an additional 810 shares in the last quarter. 84.96% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 2.4 %

NASDAQ ZI opened at $25.63 on Friday. The company has a 50-day moving average of $28.24 and a 200-day moving average of $37.24. The company has a market cap of $10.35 billion, a P/E ratio of 55.72, a P/E/G ratio of 1.83 and a beta of 0.97. ZoomInfo Technologies Inc. has a 12 month low of $23.29 and a 12 month high of $61.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 1.28.

ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $287.60 million for the quarter, compared to analyst estimates of $277.90 million. ZoomInfo Technologies had a return on equity of 7.92% and a net margin of 18.15%. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Henry Schuck sold 1,000,000 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $25.54, for a total transaction of $25,540,000.00. Following the completion of the sale, the chief executive officer now owns 13,288,001 shares of the company’s stock, valued at approximately $339,375,545.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ZI has been the topic of several recent research reports. Daiwa Capital Markets initiated coverage on shares of ZoomInfo Technologies in a research report on Wednesday, September 28th. They issued a “buy” rating and a $66.00 price objective on the stock. Royal Bank of Canada decreased their price objective on shares of ZoomInfo Technologies from $50.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 23rd. Canaccord Genuity Group reduced their target price on shares of ZoomInfo Technologies from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 17th. Finally, Barclays reduced their target price on shares of ZoomInfo Technologies from $46.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.11.

ZoomInfo Technologies 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.