Amalgamated Bank Trims Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Amalgamated Bank decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 26.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,961 shares of the company’s stock after selling 47,832 shares during the period. Amalgamated Bank’s holdings in ZoomInfo Technologies were worth $1,393,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ZI. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at $31,000. J.Safra Asset Management Corp raised its holdings in shares of ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after acquiring an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies in the third quarter worth about $37,000. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares during the period. Finally, Covestor Ltd grew its holdings in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.53 on Thursday. The business has a fifty day moving average of $10.49 and a 200 day moving average of $11.37. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 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 firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 351.12, a price-to-earnings-growth ratio of 8.00 and a beta of 1.03.

Analyst Ratings Changes

Several research firms have recently commented on ZI. Citigroup reduced their price target on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Mizuho lifted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.76.

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.