ZoomInfo Technologies Inc. (NASDAQ:ZI) Stake Raised by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZIFree Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,514 shares of the company’s stock after acquiring an additional 10,100 shares during the quarter. Rafferty Asset Management LLC’s holdings in ZoomInfo Technologies were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares during the last quarter. Stifel Financial Corp raised its holdings in ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after buying an additional 1,143 shares during the period. Quadrant Capital Group LLC lifted its stake in ZoomInfo Technologies by 85.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after buying an additional 1,786 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in ZoomInfo Technologies by 1.0% during the third quarter. Mutual of America Capital Management LLC now owns 197,819 shares of the company’s stock valued at $3,244,000 after buying an additional 2,006 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of ZoomInfo Technologies by 6.7% in the fourth quarter. New York Life Investment Management LLC now owns 32,296 shares of the company’s stock worth $597,000 after buying an additional 2,033 shares during the period. Institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

In other news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the sale, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at $1,041,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.20% of the stock is owned by insiders.

Analysts Set New Price Targets

ZI has been the subject of several research analyst reports. Royal Bank of Canada restated an “underperform” rating and issued a $14.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. DA Davidson lifted their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $28.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. UBS Group lowered their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Canaccord Genuity Group reduced their price target on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.00.

Check Out Our Latest Research Report on ZoomInfo Technologies

ZoomInfo Technologies Trading Up 1.3 %

Shares of ZI stock opened at $12.50 on Tuesday. ZoomInfo Technologies Inc. has a 12 month low of $11.67 and a 12 month high of $30.16. The company has a market cap of $4.67 billion, a PE ratio of 62.50, a price-to-earnings-growth ratio of 2.96 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $14.36 and its two-hundred day moving average is $15.69.

ZoomInfo Technologies (NASDAQ:ZIGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $310.10 million for 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%. Equities analysts predict that ZoomInfo Technologies Inc. will post 0.69 EPS for the current year.

About ZoomInfo Technologies

(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.

Further Reading

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

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