ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) major shareholder Subsidiary Holdings LLC Cg sold 160,862 shares of the company in a trade on Thursday, August 11. The shares were sold at an average price of $49.00, for a total value of $7,882,238.00. Following the transaction, the insider now owns 40,570,606 shares of the company, valued at $1,987,959,694. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders who own 10% or more of a company’s stock are required to disclose their sales and purchases to the SEC.
Subsidiary Holdings LLC Cg has also recently completed the following transaction(s):
- On Wednesday, August 3, Subsidiary Holdings LLC Cg sold 14,852 ZoomInfo Technologies shares. The shares were sold at an average price of $45.02, for a total value of $668,637.04.
ZoomInfo Technologies stock performance
ZI traded $1.19 during trading hours on Monday, hitting $51.11. The stock recorded a trading volume of 3,456,709 shares, compared to an average volume of 4,037,165 shares. The company’s fifty-day simple moving average is $38.07 and its 200-day simple moving average is $46.50. ZoomInfo Technologies Inc. has a 1-year low of $30.31 and a 1-year high of $79.17. The stock has a market capitalization of $20.62 billion, a PE ratio of 184.89, a price-to-growth earnings ratio of 3.17 and a beta of 1.62. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt ratio of 0.58.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last reported results on Monday, August 1. The company reported earnings per share of $0.21 for the quarter, beating consensus analyst estimates of $0.18 by $0.03. The company posted revenue of $267.10 million in the quarter, versus analyst estimates of $254.45 million. ZoomInfo Technologies posted a return on equity of 7.16% and a net margin of 13.61%. The company’s quarterly revenue increased by 53.5% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.11. Stock analysts expect ZoomInfo Technologies Inc. to post earnings per share of 0.45 for the current year.
Institutional entries and exits
A number of hedge funds have recently increased or reduced their stakes in ZI. Arcadia Investment Management Corp MI increased its holdings of ZoomInfo Technologies shares by 21.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,270 shares of the company worth $82,000 after buying 220 more shares in the last quarter. Shaker Investments LLC OH increased its holdings of ZoomInfo Technologies shares by 0.8% in the first quarter. Shaker Investments LLC OH now owns 37,272 shares of the company worth $2,227,000 after buying 309 additional shares last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings of ZoomInfo Technologies shares by 7.4% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 4,624 shares of the company worth $276,000 after buying 320 more shares in the last quarter. SJS Investment Consulting Inc. bought a new stock position in ZoomInfo Technologies during the first quarter worth approximately $29,000. Finally, HighTower Advisors LLC increased its holdings of ZoomInfo Technologies shares by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 214,677 shares of the company worth $13,785,000 after purchasing an additional 557 shares last quarter. Hedge funds and other institutional investors hold 82.92% of the company’s shares.
Analyst upgrades and downgrades
Several brokerages have weighed in on ZI. Credit Suisse Group lowered its price target on ZoomInfo Technologies from $100.00 to $80.00 and set an “outperform” rating on the stock in a Tuesday, Aug. 2 research note. Morgan Stanley lowered its price target on ZoomInfo Technologies from $81.00 to $66.00 and set an “overweight” rating on the stock in a Thursday, July 14 research note. Stifel Nicolaus lowered his price target on ZoomInfo Technologies from $85.00 to $75.00 in a Tuesday, May 3 research note. UBS Group raised its price target on ZoomInfo Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a Tuesday, August 2 research note. Finally, TheStreet upgraded ZoomInfo Technologies from a “c-” rating to a “d” rating in a Thursday, May 19 research note. Eighteen analysts rated the stock with a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $69.89.
About ZoomInfo Technologies
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ZoomInfo Technologies Inc, through its subsidiaries, provides a 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 organizational and professional insights to help users identify target customers and decision makers, get continuously updated predictive scoring of prospects and companies, monitor purchase and other target business attributes, craft messaging, engage through automated sales tools, and track progress through the deal cycle.
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