ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 11.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,160,649 shares of the company’s stock after purchasing an additional 118,286 shares during the quarter. Federated Hermes Inc. owned about 0.31% of ZoomInfo Technologies worth $14,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in 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 worth $34,000 after buying an additional 2,388 shares during the period. Quest Partners LLC acquired a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $62,000. Covestor Ltd boosted its position 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 purchasing an additional 2,861 shares during the period. Quadrant Capital Group LLC boosted its position in shares of ZoomInfo Technologies by 85.1% in the fourth 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. grew its position in ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after acquiring an additional 1,547 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

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

ZoomInfo Technologies Stock Down 0.2 %

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

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data 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 net margin of 1.25% and a return on equity of 10.96%. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. During the same quarter last year, the business posted $0.16 EPS. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. 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 report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.