ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 50.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 43,988 shares of the company’s stock after selling 44,978 shares during the period. SG Americas Securities LLC’s holdings in ZoomInfo Technologies were worth $454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ZI. Pacer Advisors Inc. lifted its stake in ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after purchasing an additional 6,611,160 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ZoomInfo Technologies during the 2nd quarter worth $73,435,000. Delta Global Management LP boosted its holdings in shares of ZoomInfo Technologies by 280.1% during the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after buying an additional 1,911,221 shares during the period. Kinetic Partners Management LP boosted its holdings in shares of ZoomInfo Technologies by 95.4% during the 1st quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock worth $43,529,000 after buying an additional 1,325,500 shares during the period. Finally, Swedbank AB bought a new stake in ZoomInfo Technologies in the 1st quarter valued at $14,026,000. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ZI shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Mizuho decreased their price objective on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus reduced their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.40.

ZoomInfo Technologies Trading Down 0.3 %

NASDAQ ZI opened at $10.13 on Thursday. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The stock has a market cap of $3.70 billion, a P/E ratio of 253.31, a P/E/G ratio of 6.29 and a beta of 1.06. The stock’s fifty day moving average price is $9.85 and its 200-day moving average price is $12.01. 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 released its earnings results on Monday, August 5th. The company reported $0.17 EPS 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 company posted $0.16 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 1,500,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at approximately $100,080,128.49. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.20% of the stock is currently owned by insiders.

About ZoomInfo Technologies

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.