Park Avenue Securities LLC Acquires New Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Park Avenue Securities LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) during the third quarter, Holdings Channel.com reports. The fund acquired 11,138 shares of the company’s stock, valued at approximately $464,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZI. Private Trust Co. NA acquired a new stake in ZoomInfo Technologies in the second quarter valued at approximately $33,000. Dupont Capital Management Corp acquired a new stake in ZoomInfo Technologies in the third quarter valued at approximately $38,000. Truvestments Capital LLC acquired a new stake in ZoomInfo Technologies in the second quarter valued at approximately $47,000. CWM LLC lifted its stake in ZoomInfo Technologies by 261.5% in the third quarter. CWM LLC now owns 1,193 shares of the company’s stock valued at $50,000 after acquiring an additional 863 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in ZoomInfo Technologies in the third quarter valued at approximately $60,000. 84.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZI. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 17th. Wells Fargo & Company reduced their price objective on shares of ZoomInfo Technologies from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, January 6th. Bank of America cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $34.00 in a research note on Wednesday, January 4th. Royal Bank of Canada reduced their price objective on shares of ZoomInfo Technologies from $50.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, November 23rd. Finally, Morgan Stanley reduced their price objective on shares of ZoomInfo Technologies from $60.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, December 7th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

ZoomInfo Technologies Trading Up 1.0 %

Shares of ZoomInfo Technologies stock opened at $25.89 on Friday. The firm has a market capitalization of $10.45 billion, a PE ratio of 56.28, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 1.28. The company’s fifty day moving average price is $28.10 and its two-hundred day moving average price is $37.19. ZoomInfo Technologies Inc. has a 52-week low of $23.29 and a 52-week high of $61.44.

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

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck sold 1,000,000 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $25.54, for a total value of $25,540,000.00. Following 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 legal filing with the SEC, which can be accessed through the SEC website. 9.70% of the stock is owned by insiders.

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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