44,384 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Acquired by Seven Eight Capital LP

Seven Eight Capital LP acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,384 shares of the company’s stock, valued at approximately $567,000.

Other large investors also recently modified their holdings of the company. J.Safra Asset Management Corp boosted its holdings in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the last quarter. Covestor Ltd grew its position in shares of 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 buying an additional 2,861 shares in the last quarter. Quest Partners LLC bought a new stake in shares of ZoomInfo Technologies in the fourth quarter worth $62,000. Quadrant Capital Group LLC increased its stake 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 last quarter. Finally, Advisors Asset Management Inc. raised its holdings 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. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.29 on Friday. 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 stock has a market capitalization 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. The business’s fifty day moving average is $10.19 and its two-hundred day moving average is $12.76. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year 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 for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity at ZoomInfo Technologies

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

Wall Street Analysts Forecast Growth

ZI has been the subject of several research analyst reports. Royal Bank of Canada dropped their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Truist Financial cut their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Mizuho lowered their target price on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus dropped their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, DA Davidson cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and an average price target 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.