ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 20.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,232,733 shares of the company’s stock after purchasing an additional 548,094 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.86% of ZoomInfo Technologies worth $41,279,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. J.Safra Asset Management Corp raised its stake in shares of ZoomInfo Technologies by 955.2% in the 2nd 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 during the period. Covestor Ltd increased its stake 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 buying an additional 2,861 shares during the period. Advisors Asset Management Inc. increased its stake in ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after buying an additional 1,547 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in ZoomInfo Technologies during the 1st quarter worth approximately $85,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in ZoomInfo Technologies during the 2nd quarter worth approximately $123,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho decreased their price target on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Wells Fargo & Company cut their price target 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. Stifel Nicolaus cut their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Piper Sandler lowered their price objective on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, Citigroup decreased their price target on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.40.

Insider Activity at ZoomInfo Technologies

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

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $10.32 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $12.48. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $19.39. The stock has a market cap of $3.77 billion, a PE ratio of 51.60, a price-to-earnings-growth ratio of 6.42 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. During the same quarter in the previous year, the firm posted $0.16 EPS. ZoomInfo Technologies’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that ZoomInfo Technologies Inc. will post 0.55 EPS 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.