77,387 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 77,387 shares of the company’s stock, valued at approximately $987,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp grew its position in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after acquiring an additional 2,388 shares during the last quarter. Quest Partners LLC bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $62,000. Covestor Ltd grew its position in shares of ZoomInfo Technologies by 598.5% in the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares during the last quarter. Quadrant Capital Group LLC grew 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 buying an additional 1,786 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after buying an additional 1,547 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck acquired 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the sale, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Henry Schuck acquired 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the acquisition, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Stock Down 0.2 %

Shares of NASDAQ:ZI opened at $10.60 on Tuesday. The stock has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $12.91. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 6.25 and a beta of 1.05. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ZI shares. Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Citigroup cut their price objective on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC cut their price objective on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $9.00 in a research note on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and an average target price of $13.40.

ZoomInfo Technologies Company 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.