ZoomInfo Technologies Inc. (NASDAQ:ZI) COO Sells $2,479,039.29 in Stock

ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) COO Joseph Christopher Hays sold 57,213 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $43.33, for a total transaction of $2,479,039.29. Following the completion of the transaction, the chief operating officer now directly owns 681,825 shares of the company’s stock, valued at $29,543,477.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Joseph Christopher Hays also recently made the following trade(s):

  • On Tuesday, March 1st, Joseph Christopher Hays sold 1,258 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $54.37, for a total transaction of $68,397.46.
  • On Thursday, February 17th, Joseph Christopher Hays sold 2,179 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $53.38, for a total transaction of $116,315.02.

Shares of ZoomInfo Technologies stock traded down $2.87 on Wednesday, hitting $41.23. The company had a trading volume of 3,874,413 shares, compared to its average volume of 3,461,784. The firm has a market capitalization of $16.63 billion, a P/E ratio of 157.50, a P/E/G ratio of 2.72 and a beta of 1.52. ZoomInfo Technologies Inc. has a twelve month low of $38.57 and a twelve month high of $79.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a 50-day moving average of $52.77 and a 200-day moving average of $57.41.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $241.70 million during the quarter, compared to analysts’ expectations of $227.49 million. ZoomInfo Technologies had a net margin of 14.34% and a return on equity of 8.46%. During the same quarter in the prior year, the company earned $0.02 earnings per share. Equities analysts predict that ZoomInfo Technologies Inc. will post 0.49 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ZI. Morgan Stanley boosted its holdings in ZoomInfo Technologies by 59.9% during the third quarter. Morgan Stanley now owns 17,928,216 shares of the company’s stock worth $1,097,027,000 after purchasing an additional 6,718,367 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in ZoomInfo Technologies by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 16,291 shares of the company’s stock worth $1,046,000 after purchasing an additional 654 shares during the last quarter. Arcadia Investment Management Corp MI boosted its holdings in ZoomInfo Technologies by 21.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,270 shares of the company’s stock worth $82,000 after purchasing an additional 220 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in ZoomInfo Technologies during the fourth quarter worth $343,000. Finally, Moors & Cabot Inc. acquired a new position in ZoomInfo Technologies during the third quarter worth $27,000. Institutional investors own 82.92% of the company’s stock.

ZI has been the subject of a number of recent research reports. Raymond James dropped their price target on shares of ZoomInfo Technologies from $70.00 to $65.00 in a research note on Tuesday, May 3rd. Canaccord Genuity Group dropped their price target on shares of ZoomInfo Technologies from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 16th. UBS Group boosted their price target on shares of ZoomInfo Technologies from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, February 16th. Mizuho boosted their price target on shares of ZoomInfo Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of ZoomInfo Technologies from $80.00 to $75.00 in a research note on Tuesday, May 3rd. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $75.35.

About ZoomInfo Technologies (Get Rating)

ZoomInfo Technologies Inc, through 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.

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