Handelsinvest Investeringsforvaltning Sells 5,117 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Handelsinvest Investeringsforvaltning lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,854 shares of the company’s stock after selling 5,117 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in ZoomInfo Technologies were worth $158,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Trust increased its position in shares of ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after purchasing an additional 628 shares during the last quarter. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after purchasing an additional 646 shares during the last quarter. Stifel Financial Corp increased its position in shares of ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock worth $3,691,000 after purchasing an additional 1,143 shares during the last quarter. State of Michigan Retirement System increased its position in shares of ZoomInfo Technologies by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 72,700 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of ZoomInfo Technologies by 85.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after acquiring an additional 1,786 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $12.25 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. ZoomInfo Technologies Inc. has a 52-week low of $11.67 and a 52-week high of $30.16. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 2.94 and a beta of 1.06. The business’s fifty day moving average is $13.20 and its 200 day moving average is $15.32.

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

Analyst Ratings Changes

ZI has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Morgan Stanley reduced their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. UBS Group reduced their price target on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Mizuho downgraded ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $14.00 in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.90.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director Mark Patrick Mader sold 3,112 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the completion of the transaction, the director now owns 17,622 shares of the company’s stock, valued at approximately $225,209.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the completion of the transaction, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $39,771.36. Following the completion of the transaction, the director now directly owns 17,622 shares of the company’s stock, valued at approximately $225,209.16. The disclosure for this sale can be found here. In the last three months, insiders sold 16,474 shares of company stock worth $205,379. 8.20% of the stock is currently owned by corporate insiders.

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.