ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 5.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,400 shares of the company’s stock after selling 4,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ZoomInfo Technologies were worth $1,027,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZI. GAMMA Investing LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $43,000. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 44.0% during the 1st quarter. Fifth Third Bancorp now owns 2,381 shares of the company’s stock worth $38,000 after purchasing an additional 728 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of ZoomInfo Technologies by 955.2% during the 2nd 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 during the last quarter. International Assets Investment Management LLC increased its stake in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after buying an additional 2,939 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at $62,000. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Down 0.3 %

ZI stock opened at $9.77 on Wednesday. The firm’s 50-day moving average is $11.00 and its two-hundred day moving average is $13.67. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 48.85, a price-to-earnings-growth ratio of 5.82 and a beta of 1.06. 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 earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. During the same period in the previous year, the firm earned $0.16 EPS. ZoomInfo Technologies’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price 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. UBS Group cut their price objective on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Needham & Company LLC lowered their price objective 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. Finally, DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $9.50 in a report on Tuesday, August 6th. Four investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.40.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 1,500,000 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, August 7th. The stock was bought 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 owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Henry Schuck acquired 1,500,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought 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 owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The disclosure for this sale can be found here. Insiders sold 23,974 shares of company stock valued at $298,154 over the last 90 days. 8.10% of the stock is currently owned by corporate insiders.

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.