Public Employees Retirement Association of Colorado Reduces Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Public Employees Retirement Association of Colorado lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,750 shares of the company’s stock after selling 1,530 shares during the period. Public Employees Retirement Association of Colorado’s holdings in ZoomInfo Technologies were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZI. J.Safra Asset Management Corp increased 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 buying an additional 2,388 shares in the last quarter. Covestor Ltd boosted its position 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 purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $62,000. Advisors Asset Management Inc. increased its stake 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 worth $80,000 after acquiring an additional 1,547 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in ZoomInfo Technologies during the first quarter worth about $85,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.50 on Friday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 6.26 and a beta of 1.05. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. 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 business has a 50 day moving average price of $10.05 and a 200 day moving average price of $12.57.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results 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 company had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ZI shares. Daiwa America lowered ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Barclays lowered their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Mizuho dropped their price objective on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, Raymond James lowered 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 assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average price target of $13.40.

Insiders Place Their Bets

In other news, CEO Henry Schuck bought 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 cost of $8.49 per share, with a total value of $12,735,000.00. Following the transaction, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction 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 transaction, the chief financial officer now directly owns 1,316,518 shares in the company, valued at $16,285,327.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Henry Schuck bought 1,500,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $8.49 per share, with a total value of $12,735,000.00. Following 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. Corporate insiders own 8.10% of the company’s stock.

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.