Daiwa Securities Group Inc. Sells 6,769 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Daiwa Securities Group Inc. lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,263 shares of the company’s stock after selling 6,769 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $437,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp raised its position in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after acquiring an additional 2,388 shares during the period. Covestor Ltd raised its holdings in ZoomInfo Technologies by 598.5% during 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 period. Quest Partners LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $62,000. Quadrant Capital Group LLC raised its holdings in ZoomInfo Technologies by 85.1% during 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 period. Finally, Advisors Asset Management Inc. raised its holdings in ZoomInfo Technologies by 45.3% during 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 period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ZI. Royal Bank of Canada cut their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their target price for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.40.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $10.60 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50-day moving average of $10.30 and a 200-day moving average of $12.91. The company has a market cap of $3.96 billion, a PE ratio of 53.00, a P/E/G ratio of 6.25 and a beta of 1.05. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39.

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

Insider Buying and Selling at ZoomInfo Technologies

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

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.