Raymond James & Associates boosted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,844 shares of the company’s stock after buying an additional 4,099 shares during the quarter. Raymond James & Associates’ holdings in ZoomInfo Technologies were worth $4,284,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Private Trust Co. NA acquired a new stake in shares of ZoomInfo Technologies during the second quarter valued at about $33,000. Truvestments Capital LLC acquired a new position in shares of ZoomInfo Technologies in the second quarter worth approximately $47,000. PNC Financial Services Group Inc. lifted its stake in shares of ZoomInfo Technologies by 47.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock worth $115,000 after acquiring an additional 617 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of ZoomInfo Technologies by 800.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,250 shares of the company’s stock worth $75,000 after acquiring an additional 2,000 shares during the period. Finally, Wahed Invest LLC acquired a new position in shares of ZoomInfo Technologies in the second quarter worth approximately $98,000. 84.96% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other ZoomInfo Technologies news, CEO Henry Schuck sold 1,000,000 shares of the business’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $25.54, for a total value of $25,540,000.00. Following the transaction, the chief executive officer now owns 13,288,001 shares of the company’s stock, valued at $339,375,545.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.70% of the company’s stock.
ZoomInfo Technologies Stock Up 1.5 %
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $277.90 million. On average, sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
ZI has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on ZoomInfo Technologies from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 7th. Truist Financial lowered ZoomInfo Technologies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $65.00 to $28.00 in a research note on Tuesday, January 10th. 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. 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. Finally, Barclays lowered their target price on ZoomInfo Technologies from $46.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Moderate Buy” and an average target price of $44.11.
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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