ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 36.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,367 shares of the company’s stock after buying an additional 19,222 shares during the period. AQR Capital Management LLC’s holdings in ZoomInfo Technologies were worth $900,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ZI. American Trust lifted its holdings in ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after buying an additional 628 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in ZoomInfo Technologies by 23.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 141,452 shares of the company’s stock worth $2,615,000 after purchasing an additional 26,830 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in ZoomInfo Technologies by 96.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,456 shares of the company’s stock worth $341,000 after purchasing an additional 9,060 shares during the last quarter. Washington Capital Management Inc. boosted its holdings in ZoomInfo Technologies by 71.6% in the first quarter. Washington Capital Management Inc. now owns 29,000 shares of the company’s stock worth $465,000 after purchasing an additional 12,100 shares during the period. Finally, State of Michigan Retirement System increased its stake in ZoomInfo Technologies by 2.3% during the first quarter. State of Michigan Retirement System now owns 72,700 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,600 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ZI shares. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Piper Sandler decreased their target price on ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Needham & Company LLC lowered their target price on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company cut their price target on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reduced their price objective on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.40.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.14 on Friday. 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 $3.70 billion, a PE ratio of 253.56, a P/E/G ratio of 6.05 and a beta of 1.06. The company’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $12.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly 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). The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, 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 acquired at an average cost 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 in the company, valued at approximately $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 SEC, which is available through this link. 8.10% of the stock is owned by company insiders.

About ZoomInfo Technologies

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.