Treasurer of the State of North Carolina Sells 3,550 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Treasurer of the State of North Carolina reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZIFree Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,464 shares of the company’s stock after selling 3,550 shares during the period. Treasurer of the State of North Carolina’s holdings in ZoomInfo Technologies were worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in ZoomInfo Technologies by 111.9% during the third quarter. New York Life Investment Management LLC now owns 30,263 shares of the company’s stock worth $496,000 after purchasing an additional 15,983 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $291,000. Amalgamated Bank increased its stake in ZoomInfo Technologies by 12.5% in the third quarter. Amalgamated Bank now owns 219,755 shares of the company’s stock valued at $3,604,000 after acquiring an additional 24,453 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in ZoomInfo Technologies by 47.4% in the third quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company’s stock valued at $123,000 after acquiring an additional 2,415 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $211,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

ZI has been the topic of several recent analyst reports. Truist Financial lifted their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, May 8th. Citigroup dropped their target price on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, May 9th. Mizuho lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $14.00 in a report on Wednesday, May 8th. Finally, The Goldman Sachs Group downgraded shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $19.50 to $12.00 in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.00.

Check Out Our Latest Stock Analysis on ZI

ZoomInfo Technologies Price Performance

Shares of ZI opened at $12.37 on Friday. The business has a 50-day moving average of $14.51 and a 200-day moving average of $15.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 61.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. ZoomInfo Technologies Inc. has a 1 year low of $11.67 and a 1 year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZIGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $310.10 million during the quarter, compared to analyst estimates of $308.84 million. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. As a group, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.69 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is owned by insiders.

ZoomInfo Technologies Profile

(Free Report)

ZoomInfo Technologies Inc, together with 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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