Interval Partners LP Lowers Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Interval Partners LP cut its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,400 shares of the company’s stock after selling 3,600 shares during the period. Interval Partners LP’s holdings in ZoomInfo Technologies were worth $1,577,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. bought a new stake in ZoomInfo Technologies in the 1st quarter worth approximately $29,000. Robeco Institutional Asset Management B.V. bought a new stake in ZoomInfo Technologies in the 1st quarter worth approximately $60,000. Prospera Financial Services Inc bought a new stake in ZoomInfo Technologies in the 1st quarter worth approximately $60,000. Cornerstone Advisory LLC bought a new stake in ZoomInfo Technologies in the 4th quarter worth approximately $64,000. Finally, Exane Derivatives bought a new stake in ZoomInfo Technologies in the 1st quarter worth approximately $67,000. 91.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total transaction of $668,637.04. Following the completion of the sale, the insider now directly owns 41,656,293 shares in the company, valued at approximately $1,875,366,310.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total transaction of $668,637.04. Following the transaction, the insider now directly owns 41,656,293 shares of the company’s stock, valued at approximately $1,875,366,310.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 181,938 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $46.26, for a total value of $8,416,451.88. Following the transaction, the insider now directly owns 40,897,624 shares in the company, valued at $1,891,924,086.24. The disclosure for this sale can be found here. Insiders sold 571,663 shares of company stock worth $27,533,945 in the last three months. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZI shares. Credit Suisse Group cut their target price on ZoomInfo Technologies from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 2nd. Barclays cut their target price 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. Piper Sandler boosted their target price on ZoomInfo Technologies from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, August 2nd. TheStreet downgraded ZoomInfo Technologies from a “c-” rating to a “d” rating in a research report on Thursday, May 19th. Finally, Morgan Stanley dropped their price objective on ZoomInfo Technologies from $81.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $69.06.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $45.21 on Friday. ZoomInfo Technologies Inc. has a twelve month low of $30.31 and a twelve month high of $79.17. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 167.44, a P/E/G ratio of 2.87 and a beta of 1.39. The stock has a fifty day simple moving average of $42.52 and a two-hundred day simple moving average of $45.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.58.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $267.10 million during the quarter, compared to analysts’ expectations of $254.45 million. ZoomInfo Technologies had a return on equity of 7.16% and a net margin of 13.61%. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. On average, analysts predict that ZoomInfo Technologies Inc. will post 0.45 EPS for the current fiscal year.

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.

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

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