ZoomInfo Technologies (NASDAQ:ZI) Hits New 1-Year Low on Insider Selling

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $16.71 and last traded at $16.71, with a volume of 245144 shares changing hands. The stock had previously closed at $17.03.

Specifically, CFO Peter Cameron Hyzer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $25.46, for a total transaction of $254,600.00. Following the transaction, the chief financial officer now directly owns 1,185,565 shares in the company, valued at approximately $30,184,484.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $25.46, for a total value of $254,600.00. Following the completion of the sale, the chief financial officer now directly owns 1,185,565 shares of the company’s stock, valued at approximately $30,184,484.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Ali Dasdan sold 11,977 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $17.27, for a total transaction of $206,842.79. Following the completion of the sale, the chief technology officer now directly owns 35,929 shares of the company’s stock, valued at $620,493.83. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ZI has been the subject of several recent analyst reports. Piper Sandler lowered their target price on shares of ZoomInfo Technologies from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, August 1st. Stifel Nicolaus lowered their price objective on shares of ZoomInfo Technologies from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $35.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, August 1st. Wells Fargo & Company reduced their target price on shares of ZoomInfo Technologies from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, August 1st. Finally, Credit Suisse Group reduced their target price on shares of ZoomInfo Technologies from $32.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

ZoomInfo Technologies Stock Down 1.9 %

The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 56.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.00. The business’s 50-day moving average is $20.67 and its two-hundred day moving average is $22.71. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.52.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $308.60 million for the quarter, compared to analyst estimates of $310.33 million. ZoomInfo Technologies had a net margin of 10.32% and a return on equity of 10.22%. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.63 EPS for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Riverbridge Partners LLC raised its stake in shares of ZoomInfo Technologies by 0.9% in the 1st quarter. Riverbridge Partners LLC now owns 1,540,219 shares of the company’s stock valued at $38,059,000 after acquiring an additional 13,880 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of ZoomInfo Technologies in the 1st quarter valued at approximately $5,002,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of ZoomInfo Technologies by 499.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,482 shares of the company’s stock valued at $753,000 after acquiring an additional 25,399 shares during the period. Dark Forest Capital Management LP raised its stake in shares of ZoomInfo Technologies by 96,426.9% in the 1st quarter. Dark Forest Capital Management LP now owns 89,770 shares of the company’s stock valued at $2,218,000 after acquiring an additional 89,677 shares during the period. Finally, Truist Financial Corp raised its stake in shares of ZoomInfo Technologies by 4,702.3% in the 1st quarter. Truist Financial Corp now owns 750,741 shares of the company’s stock valued at $18,551,000 after acquiring an additional 735,108 shares during the period. 89.59% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile

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.