American International Group Inc. Reduces Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

American International Group Inc. decreased its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401,536 shares of the company’s stock after selling 29,842 shares during the period. American International Group Inc. owned about 0.11% of ZoomInfo Technologies worth $7,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Trust increased its position in shares of ZoomInfo Technologies by 5.9% in the 4th quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after purchasing an additional 628 shares during the last quarter. Fifth Third Bancorp increased its position 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 purchasing an additional 646 shares during the last quarter. Stifel Financial Corp increased its position in shares of ZoomInfo Technologies by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after purchasing an additional 1,143 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of ZoomInfo Technologies by 85.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after purchasing an additional 1,786 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of ZoomInfo Technologies by 6.7% in the 4th quarter. New York Life Investment Management LLC now owns 32,296 shares of the company’s stock worth $597,000 after purchasing an additional 2,033 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Transactions at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction 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 SEC, which can be accessed through the SEC website. In related news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction 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 SEC, which can be accessed through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The disclosure for this sale can be found here. In the last three months, insiders sold 16,474 shares of company stock valued at $205,379. Company insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Trading Up 2.3 %

Shares of NASDAQ:ZI opened at $12.07 on Friday. The company has a 50 day moving average of $13.87 and a 200-day moving average of $15.58. The firm has a market cap of $4.51 billion, a P/E ratio of 60.35, a P/E/G ratio of 2.83 and a beta of 1.05. ZoomInfo Technologies Inc. has a twelve month low of $11.67 and a twelve month high of $30.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company 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, analysts anticipate that ZoomInfo Technologies Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. The Goldman Sachs Group downgraded shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $19.50 to $12.00 in a research report on Wednesday, May 8th. Canaccord Genuity Group lowered their price objective 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. KeyCorp lowered their price objective on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, UBS Group lowered their price objective on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Three equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.00.

ZoomInfo Technologies Profile

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.