Edgestream Partners L.P. Invests $1.36 Million in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Edgestream Partners L.P. bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 106,280 shares of the company’s stock, valued at approximately $1,357,000.

Several other large investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp increased its stake in ZoomInfo Technologies by 955.2% during the second 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. Covestor Ltd increased its stake in ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the last quarter. Quest Partners LLC bought a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $62,000. Quadrant Capital Group LLC increased its stake in ZoomInfo Technologies by 85.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after acquiring an additional 1,786 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in ZoomInfo Technologies by 45.3% during the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after acquiring an additional 1,547 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Insider Transactions at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s 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 transaction, the chief financial officer now directly owns 1,316,518 shares of the company’s stock, valued at approximately $16,285,327.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other ZoomInfo Technologies news, CEO Henry Schuck purchased 1,500,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost 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 owns 11,788,001 shares in the company, valued at $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 the company’s stock in a transaction on Tuesday, July 9th. The shares were 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 $16,285,327.66. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Stock Down 3.3 %

ZoomInfo Technologies stock opened at $10.29 on Friday. The business has a fifty day moving average of $10.19 and a two-hundred day moving average of $12.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.85 billion, a P/E ratio of 51.45, a P/E/G ratio of 6.48 and a beta of 1.05. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last issued 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 business had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZI has been the topic of several analyst reports. Daiwa America cut ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their target price for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Citigroup dropped their target price on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus dropped their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.40.

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.