Cambridge Investment Research Advisors Inc. Has $688,000 Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 4.0% during the third quarter, Holdings Channel reports. The fund owned 16,516 shares of the company’s stock after selling 697 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in ZoomInfo Technologies were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZI. Brown Advisory Inc. grew its holdings in shares of ZoomInfo Technologies by 8.3% during the second quarter. Brown Advisory Inc. now owns 7,175 shares of the company’s stock worth $238,000 after purchasing an additional 552 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ZoomInfo Technologies by 47.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock worth $115,000 after buying an additional 617 shares in the last quarter. Mission Wealth Management LP grew its holdings in ZoomInfo Technologies by 4.9% during the 3rd quarter. Mission Wealth Management LP now owns 14,770 shares of the company’s stock worth $615,000 after acquiring an additional 687 shares during the last quarter. Vontobel Holding Ltd. increased its position in ZoomInfo Technologies by 5.9% in the 2nd quarter. Vontobel Holding Ltd. now owns 14,595 shares of the company’s stock valued at $499,000 after acquiring an additional 810 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in shares of ZoomInfo Technologies in the second quarter worth about $33,000. 84.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZI has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of ZoomInfo Technologies from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 17th. The Goldman Sachs Group lowered their target price on ZoomInfo Technologies from $62.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. Barclays cut their price target on ZoomInfo Technologies from $54.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 2nd. Wells Fargo & Company lowered their price objective on ZoomInfo Technologies from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Credit Suisse Group cut their target price on shares of ZoomInfo Technologies from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.94.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $25.11 on Monday. The stock has a 50 day simple moving average of $29.48 and a 200 day simple moving average of $37.86. ZoomInfo Technologies Inc. has a 52-week low of $23.29 and a 52-week high of $61.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $10.14 billion, a PE ratio of 54.59, a P/E/G ratio of 1.63 and a beta of 0.97.

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

Insider Buying and Selling

In other news, CEO Henry Schuck sold 1,000,000 shares of ZoomInfo Technologies stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $28.16, for a total value of $28,160,000.00. Following the sale, the chief executive officer now directly owns 14,288,001 shares in the company, valued at $402,350,108.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.

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

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