Comerica Bank Purchases 6,988 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Comerica Bank raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 54.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 19,849 shares of the company’s stock after acquiring an additional 6,988 shares during the period. Comerica Bank’s holdings in ZoomInfo Technologies were worth $1,090,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ZI. National Bank of Canada FI bought a new stake in ZoomInfo Technologies during the 4th quarter valued at approximately $622,000. NN Investment Partners Holdings N.V. bought a new stake in ZoomInfo Technologies during the 4th quarter valued at approximately $205,000. State of New Jersey Common Pension Fund D boosted its position in shares of ZoomInfo Technologies by 22.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 132,477 shares of the company’s stock worth $8,505,000 after purchasing an additional 24,011 shares in the last quarter. Ardevora Asset Management LLP bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $68,315,000. Finally, Focused Wealth Management Inc bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $83,000. 82.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on ZI shares. Barclays dropped their price target on ZoomInfo Technologies from $64.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Raymond James dropped their price target on ZoomInfo Technologies from $70.00 to $65.00 in a research report on Tuesday, May 3rd. TheStreet cut ZoomInfo Technologies from a “c-” rating to a “d” rating in a research report on Thursday, May 19th. Piper Sandler dropped their price target on ZoomInfo Technologies from $65.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Finally, UBS Group dropped their price target on ZoomInfo Technologies from $67.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Eighteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Buy” and a consensus price target of $71.84.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $37.05 on Thursday. The firm has a market cap of $14.95 billion, a PE ratio of 132.32, a P/E/G ratio of 2.27 and a beta of 1.60. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $36.80 and a two-hundred day simple moving average of $47.01. ZoomInfo Technologies Inc. has a 1-year low of $30.31 and a 1-year high of $79.17.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last announced its earnings results on Monday, May 2nd. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $241.70 million during the quarter, compared to analyst estimates of $227.49 million. ZoomInfo Technologies had a net margin of 14.34% and a return on equity of 8.46%. During the same period in the previous year, the business earned $0.02 EPS. On average, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director Mark Patrick Mader sold 5,079 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $51.17, for a total value of $259,892.43. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $255,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mark Patrick Mader sold 5,079 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $51.17, for a total value of $259,892.43. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $255,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joseph Christopher Hays sold 57,213 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $43.33, for a total value of $2,479,039.29. Following the completion of the sale, the chief operating officer now owns 681,825 shares of the company’s stock, valued at $29,543,477.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,317 shares of company stock worth $10,858,149. Insiders own 9.70% of the company’s stock.

About ZoomInfo Technologies

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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.

Further Reading

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

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