Oppenheimer Asset Management Inc. Has $1.66 Million Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Oppenheimer Asset Management Inc. increased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,431 shares of the company’s stock after buying an additional 3,635 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ZoomInfo Technologies were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZI. Vanguard Group Inc. increased its position in ZoomInfo Technologies by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock valued at $553,356,000 after purchasing an additional 2,079,385 shares during the period. Harbor Capital Advisors Inc. increased its position in ZoomInfo Technologies by 30.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 14,895 shares of the company’s stock valued at $275,000 after purchasing an additional 3,491 shares during the period. SG Americas Securities LLC boosted its holdings in shares of ZoomInfo Technologies by 553.3% during the 4th quarter. SG Americas Securities LLC now owns 80,873 shares of the company’s stock worth $1,495,000 after buying an additional 68,493 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ZoomInfo Technologies by 63.9% during the 4th quarter. Pacer Advisors Inc. now owns 56,974 shares of the company’s stock worth $1,053,000 after buying an additional 22,214 shares in the last quarter. Finally, Washington Capital Management Inc. bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $312,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Activity

In other news, CTO Ali Dasdan sold 5,862 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the sale, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Mark Patrick Mader sold 3,112 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $39,771.36. Following the sale, the director now directly owns 17,622 shares in the company, valued at approximately $225,209.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the sale, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The disclosure for this sale can be found here. Insiders sold a total of 23,974 shares of company stock valued at $298,154 in the last ninety days. 8.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZI shares. Canaccord Genuity Group cut their price target on ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. The Goldman Sachs Group cut ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $19.50 to $12.00 in a report on Wednesday, May 8th. Piper Sandler cut their price target on ZoomInfo Technologies from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. KeyCorp cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Finally, Morgan Stanley cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.86.

ZoomInfo Technologies Trading Down 1.3 %

NASDAQ ZI opened at $11.72 on Monday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 58.60, a PEG ratio of 2.81 and a beta of 1.06. The business has a fifty day simple moving average of $12.61 and a 200 day simple moving average of $14.96. ZoomInfo Technologies Inc. has a 12 month low of $11.35 and a 12 month high of $30.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The firm had revenue of $310.10 million during the quarter, compared to analyst estimates of $308.84 million. On average, analysts predict that ZoomInfo Technologies Inc. will post 0.69 EPS for the current fiscal year.

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.