ZoomInfo Technologies Inc. (NASDAQ:ZI) Position Boosted by Quest Partners LLC

Quest Partners LLC grew its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 106.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,821 shares of the company’s stock after purchasing an additional 12,264 shares during the period. Quest Partners LLC’s holdings in ZoomInfo Technologies were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ZI. J.Safra Asset Management Corp boosted its holdings in shares of ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares during the period. Covestor Ltd boosted its holdings in shares of ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of ZoomInfo Technologies by 85.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after buying an additional 1,786 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after buying an additional 1,547 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of ZoomInfo Technologies in the first quarter worth about $85,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 3.9 %

Shares of ZoomInfo Technologies stock opened at $10.62 on Friday. The firm has a market capitalization of $3.88 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 6.25 and a beta of 1.05. 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 company’s fifty day moving average price is $10.33 and its two-hundred day moving average price is $12.98. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly 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 business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $307.68 million. During the same period last year, the firm earned $0.16 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that ZoomInfo Technologies Inc. will post 0.55 EPS for the current year.

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 1,500,000 shares of the 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 acquisition, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Henry Schuck purchased 1,500,000 shares of ZoomInfo Technologies 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was 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 in the company, valued at approximately $16,285,327.66. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on ZI shares. Raymond James cut shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Needham & Company LLC reduced their price target on shares of ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada reduced their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus reduced 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. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.40.

About ZoomInfo Technologies

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.