ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 22.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,425 shares of the company’s stock after acquiring an additional 103,324 shares during the quarter. Hsbc Holdings PLC’s holdings in ZoomInfo Technologies were worth $7,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp grew its stake in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares in the last quarter. Covestor Ltd grew its position in shares of ZoomInfo Technologies by 598.5% during 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 in the last quarter. Quest Partners LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth approximately $62,000. Advisors Asset Management Inc. raised its holdings in ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after acquiring an additional 1,547 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in ZoomInfo Technologies in the first quarter worth approximately $85,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZI has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Daiwa America lowered shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Bank of America downgraded shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their target price for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” 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 given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.40.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $10.28 on Tuesday. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $19.39. The company has a 50-day moving average price of $10.16 and a 200 day moving average price of $12.69. The company has a market cap of $3.84 billion, a P/E ratio of 51.40, a PEG ratio of 6.48 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results 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). The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Research analysts predict that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 1,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost 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 of the company’s stock, valued at $100,080,128.49. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total transaction of $92,775.00. Following the sale, the chief financial officer now directly owns 1,316,518 shares of the company’s stock, valued at approximately $16,285,327.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Henry Schuck acquired 1,500,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $8.49 per share, with a total value 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 disclosure for this purchase can be found here. 8.10% of the stock is owned by company 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.