Bank of Montreal Can Sells 3,775 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bank of Montreal Can lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 10.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 31,000 shares of the company’s stock after selling 3,775 shares during the period. Bank of Montreal Can’s holdings in ZoomInfo Technologies were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after buying an additional 6,611,160 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock valued at $42,005,000 after acquiring an additional 223,669 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ZoomInfo Technologies by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after acquiring an additional 548,094 shares during the last quarter. Kinetic Partners Management LP grew its stake in shares of ZoomInfo Technologies by 95.4% in the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock worth $43,529,000 after acquiring an additional 1,325,500 shares during the period. Finally, Delta Global Management LP raised its holdings in shares of ZoomInfo Technologies by 280.1% during the first quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after purchasing an additional 1,911,221 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 0.3 %

Shares of ZI stock opened at $9.89 on Friday. The stock has a fifty day simple moving average of $9.80 and a two-hundred day simple moving average of $12.21. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The firm has a market capitalization of $3.70 billion, a PE ratio of 49.45, a PEG ratio of 6.06 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results 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 business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, analysts predict that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CEO Henry Schuck purchased 1,500,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the purchase, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ZI. Daiwa Capital Markets downgraded shares of 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. Needham & Company LLC cut their price objective on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Mizuho reduced their price objective on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada dropped their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 6th. Finally, Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their price target for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.