ZoomInfo Technologies logoRitholtz Wealth Management acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) in the third quarter, HoldingsChannel.com reports. The institutional investors acquired 5,565 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its stake in ZoomInfo Technologies by 8.3% during the second quarter. Brown Advisory Inc. now owns 7,175 shares of the company’s stock valued at $238,000 after buying an additional 552 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in ZoomInfo Technologies by 47.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $115,000 after buying an additional 617 shares during the last quarter. Mission Wealth Management LP raised its position in ZoomInfo Technologies by 4.9% during the third quarter. Mission Wealth Management LP now owns 14,770 shares of the company’s stock valued at $615,000 after purchasing an additional 687 shares during the period. Vontobel Holding Ltd. raised its position in ZoomInfo Technologies by 5.9% during the second quarter. Vontobel Holding Ltd. now owns 14,595 shares of the company’s stock valued at $499,000 after purchasing an additional 810 shares during the period. Finally, Private Trust Co. NA purchased a new stake in ZoomInfo Technologies during the second quarter valued at approximately $33,000. 84.96% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Down 0.1 %

Shares of NASDAQ:ZI opened at $30.11 on Friday. ZoomInfo Technologies Inc. has a 52-week low of $23.29 and a 52-week high of $65.79. The stock has a market cap of $12.15 billion, a P/E ratio of 65.46, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07. The business’s 50 day moving average is $31.27 and its 200 day moving average is $38.03. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.56.

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ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $287.60 million during the quarter, compared to the consensus estimate of $277.90 million. ZoomInfo Technologies has a return on equity of 7.92% and a net margin of 18.15%. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equity research analysts have issued reports on ZI shares. Daiwa Capital Markets started coverage on ZoomInfo Technologies in a research report on Wednesday, September 28th. They set a “buy” rating and a $66.00 price objective on the stock. Barclays decreased their price objective on ZoomInfo Technologies from $54.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 2nd. Stifel Nicolaus decreased their price objective on ZoomInfo Technologies from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Finally, The Goldman Sachs Group reduced their price target on ZoomInfo Technologies from $62.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Seventeen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $48.76.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, COO Joseph Christopher Hays sold 17,797 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $41.97, for a total transaction of $746,940.09. Following the sale, the chief operating officer now owns 577,329 shares of the company’s stock, valued at approximately $24,230,498.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, CFO Peter Cameron Hyzer sold 5,000 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $43.39, for a total value of $216,950.00. Following the completion of the sale, the chief financial officer now owns 1,137,531 shares of the company’s stock, valued at approximately $49,357,470.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via the SEC website. Also, COO Joseph Christopher Hays sold 17,797 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $41.97, for a total value of $746,940.09. Following the completion of the sale, the chief operating officer now directly owns 577,329 shares of the company’s stock, valued at approximately $24,230,498.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,022,797 shares of company stock valued at $29,123,890. 9.70% of the stock is currently owned by corporate insiders.

About ZoomInfo Technologies

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ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platforms 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 continuously 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.

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Want to see what other hedge funds are holding ZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating).

Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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