ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8,471.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,689,198 shares of the company’s stock after buying an additional 6,611,160 shares during the quarter. Pacer Advisors Inc. owned about 1.79% of ZoomInfo Technologies worth $85,421,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ZI. Intech Investment Management LLC purchased a new stake in shares of ZoomInfo Technologies during the second quarter valued at $137,000. Seven Eight Capital LP purchased a new stake in shares of ZoomInfo Technologies during the second quarter valued at $567,000. Hsbc Holdings PLC lifted its holdings in shares of ZoomInfo Technologies by 22.8% during the second quarter. Hsbc Holdings PLC now owns 556,425 shares of the company’s stock valued at $7,054,000 after purchasing an additional 103,324 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of ZoomInfo Technologies by 9.7% during the second quarter. Amalgamated Bank now owns 182,793 shares of the company’s stock valued at $2,334,000 after purchasing an additional 16,117 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of ZoomInfo Technologies during the second quarter valued at $1,357,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus reduced their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Mizuho dropped their price target on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.40.

Insider Buying and Selling

In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the sale, the chief financial officer now owns 1,316,518 shares in the company, valued at $16,285,327.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Henry Schuck bought 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the purchase, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were 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 of the company’s stock, valued at $16,285,327.66. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI opened at $10.29 on Friday. The business’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $12.76. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $19.39. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 51.45, a P/E/G ratio of 6.48 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $307.68 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. ZoomInfo Technologies’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.55 earnings per share 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.