Mn Services Vermogensbeheer B.V. lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,600 shares of the company’s stock after selling 8,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in ZoomInfo Technologies were worth $6,066,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp increased its position in shares of ZoomInfo Technologies by 40.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,174 shares of the company’s stock valued at $837,000 after buying an additional 7,272 shares in the last quarter. Delphia USA Inc. increased its position in shares of ZoomInfo Technologies by 52.3% in the 2nd quarter. Delphia USA Inc. now owns 6,031 shares of the company’s stock valued at $200,000 after buying an additional 2,072 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of 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 buying an additional 810 shares in the last quarter. Mission Wealth Management LP increased its holdings in ZoomInfo Technologies by 65.0% during the 2nd quarter. Mission Wealth Management LP now owns 14,083 shares of the company’s stock worth $468,000 after purchasing an additional 5,550 shares in the last quarter. Finally, Nomura Holdings Inc. increased its holdings in ZoomInfo Technologies by 2.0% during the 2nd quarter. Nomura Holdings Inc. now owns 376,401 shares of the company’s stock worth $12,746,000 after purchasing an additional 7,512 shares in the last quarter. Institutional investors own 84.96% of the company’s stock.
ZoomInfo Technologies Trading Up 1.1 %
Shares of NASDAQ:ZI opened at $26.01 on Monday. ZoomInfo Technologies Inc. has a 52-week low of $23.29 and a 52-week high of $61.44. The company has a market capitalization of $10.50 billion, a P/E ratio of 56.54, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. The company has a 50-day simple moving average of $28.48 and a 200 day simple moving average of $37.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 1.28.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Canaccord Genuity Group lowered their target price on ZoomInfo Technologies from $56.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Credit Suisse Group lowered their target price on ZoomInfo Technologies from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd. Bank of America cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $34.00 in a report on Wednesday, January 4th. Finally, Truist Financial cut ZoomInfo Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $65.00 to $28.00 in a report on Tuesday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.11.
Insider Activity at ZoomInfo Technologies
In other ZoomInfo Technologies news, CEO Henry Schuck sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $28.16, for a total transaction of $28,160,000.00. Following the completion of the sale, the chief executive officer now directly owns 14,288,001 shares in the company, valued at $402,350,108.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is currently owned by company insiders.
ZoomInfo Technologies Company Profile
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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