70,000 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Bought by Tairen Capital Ltd

Tairen Capital Ltd bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,000 shares of the company’s stock, valued at approximately $894,000. ZoomInfo Technologies accounts for 0.0% of Tairen Capital Ltd’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also modified their holdings of the company. Boston Partners purchased a new stake in shares of ZoomInfo Technologies in the first quarter valued at about $613,000. Norges Bank acquired a new position in shares of ZoomInfo Technologies in the fourth quarter worth $55,448,000. Janus Henderson Group PLC lifted its position in shares of ZoomInfo Technologies by 7.1% in the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after acquiring an additional 17,193 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at $3,072,000. Finally, G2 Investment Partners Management LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter worth about $2,188,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 3.3 %

Shares of ZI opened at $10.29 on Monday. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The stock’s 50-day moving average is $10.19 and its two-hundred day moving average is $12.74. 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 market cap of $3.85 billion, a PE ratio of 51.45, a P/E/G ratio of 6.48 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) 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 firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. Equities analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Royal Bank of Canada reduced their price target on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 6th. Piper Sandler lowered their price objective on ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.40.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the purchase, 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction dated Tuesday, July 9th. The shares were 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 $16,285,327.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 purchased at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the purchase, 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. 8.10% of the stock is currently owned by company insiders.

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.