Victory Capital Management Inc. Has $1.14 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Victory Capital Management Inc. boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 47.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,253 shares of the company’s stock after buying an additional 28,617 shares during the quarter. Victory Capital Management Inc.’s holdings in ZoomInfo Technologies were worth $1,140,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZI. J.Safra Asset Management Corp lifted its stake 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 valued at $34,000 after purchasing an additional 2,388 shares during the period. Covestor Ltd increased its holdings 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 in the last quarter. Quest Partners LLC bought a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $62,000. Quadrant Capital Group LLC grew its holdings in shares of ZoomInfo Technologies by 85.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of ZoomInfo Technologies by 45.3% in the 1st 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. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 2.8 %

NASDAQ:ZI opened at $10.64 on Friday. 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 firm has a 50-day moving average of $10.22 and a 200-day moving average of $12.83. The company has a market cap of $3.89 billion, a PE ratio of 53.20, a PEG ratio of 6.48 and a beta of 1.05. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39.

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 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 firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $307.68 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, 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 sale, the chief financial officer now directly owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the sale, the chief financial officer now directly owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. The transaction 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 dated 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 acquisition, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. The disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho cut 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. Citigroup dropped their price target on shares of 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 price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Raymond James cut shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.