ZoomInfo Technologies Inc. (NASDAQ:ZI) Stake Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,971 shares of the company’s stock after selling 24,181 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ZoomInfo Technologies were worth $1,889,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. J.Safra Asset Management Corp raised its position 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 worth $34,000 after purchasing an additional 2,388 shares during the period. Covestor Ltd boosted its holdings in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after acquiring an additional 2,861 shares during the period. Advisors Asset Management Inc. grew its position in shares of ZoomInfo Technologies by 45.3% during the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after acquiring an additional 1,547 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in ZoomInfo Technologies in the 1st quarter valued at about $85,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of ZoomInfo Technologies in the second quarter valued at approximately $123,000. Institutional investors own 95.47% of the company’s stock.

Insiders Place Their Bets

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 value of $92,775.00. Following the completion of the sale, the chief financial officer now owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total transaction of $92,775.00. Following the completion of the sale, the chief financial officer now owns 1,316,518 shares in the company, valued at $16,285,327.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Henry Schuck purchased 1,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the acquisition, the chief executive officer now owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Stock Up 1.9 %

Shares of ZI stock opened at $9.90 on Friday. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39. 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 stock has a fifty day moving average price of $9.90 and a 200 day moving average price of $12.36. The stock has a market cap of $3.62 billion, a P/E ratio of 49.50, a price-to-earnings-growth ratio of 6.11 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last released 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 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 period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. Analysts predict that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

ZI has been the subject of several research reports. Barclays decreased their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Wells Fargo & Company reduced their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Truist Financial dropped their price target on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. KeyCorp lowered ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Finally, Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.40.

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.