Impax Asset Management Group plc Buys New Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Impax Asset Management Group plc bought a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 64,406 shares of the company’s stock, valued at approximately $677,000.

A number of other institutional investors also recently modified their holdings of ZI. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at $37,000. Fifth Third Bancorp increased its stake in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its stake in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares in the last quarter. Finally, KBC Group NV increased its stake in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the subject of several recent analyst reports. Barclays reduced their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Piper Sandler reiterated an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus target price of $12.15.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $9.53 on Wednesday. The company has a market cap of $3.27 billion, a PE ratio of 317.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $17.45. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm’s 50-day simple moving average is $10.23 and its two-hundred day simple moving average is $10.32.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Research analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Insider Transactions at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Randall Winn sold 290,541 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.20% 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.