Point72 Asia Singapore Pte. Ltd. Makes New $958,000 Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Point72 Asia Singapore Pte. Ltd. bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,051 shares of the company’s stock, valued at approximately $958,000.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in ZoomInfo Technologies by 8,471.7% during the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after purchasing an additional 6,611,160 shares during the period. Coatue Management LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter valued at approximately $120,619,000. Marshall Wace LLP acquired a new stake in shares of ZoomInfo Technologies during the second quarter worth $73,435,000. Norges Bank purchased a new position in ZoomInfo Technologies in the 4th quarter valued at $55,448,000. Finally, Delta Global Management LP increased its stake in ZoomInfo Technologies by 280.1% in the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after buying an additional 1,911,221 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 1,500,000 shares of ZoomInfo Technologies stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the purchase, the chief executive officer now directly 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 available through this hyperlink. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Henry Schuck purchased 1,500,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were bought 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 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ZI shares. KeyCorp cut shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Truist Financial reduced their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Raymond James cut ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Bank of America cut ZoomInfo Technologies from a “buy” rating to an “underperform” rating and reduced their price target for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Finally, Daiwa America downgraded ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.40.

ZoomInfo Technologies Stock Down 0.5 %

ZI stock opened at $10.23 on Wednesday. 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 50 day simple moving average is $10.16 and its 200-day simple moving average is $12.69. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The firm has a market capitalization of $3.74 billion, a PE ratio of 51.15, a P/E/G ratio of 6.29 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. During the same quarter last year, the company posted $0.16 EPS. ZoomInfo Technologies’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities analysts expect that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

ZoomInfo Technologies 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.