Cwm LLC Buys 863 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cwm LLC increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 261.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,193 shares of the company’s stock after purchasing an additional 863 shares during the quarter. Cwm LLC’s holdings in ZoomInfo Technologies were worth $50,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its stake in shares of ZoomInfo Technologies by 8.3% in 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 period. PNC Financial Services Group Inc. increased its position in ZoomInfo Technologies by 47.2% in 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 during the period. Mission Wealth Management LP lifted its holdings in shares of ZoomInfo Technologies by 4.9% during the third quarter. Mission Wealth Management LP now owns 14,770 shares of the company’s stock worth $615,000 after buying an additional 687 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of ZoomInfo Technologies by 4.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,796 shares of the company’s stock worth $700,000 after buying an additional 755 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of ZoomInfo Technologies by 5.9% in the second quarter. Vontobel Holding Ltd. now owns 14,595 shares of the company’s stock valued at $499,000 after acquiring an additional 810 shares during the period. Institutional investors own 84.96% of the company’s stock.

ZoomInfo Technologies Stock Down 2.4 %

Shares of NASDAQ:ZI opened at $25.63 on Friday. The company’s fifty day moving average is $28.24 and its 200-day moving average is $37.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 1.28. 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 $10.35 billion, a PE ratio of 55.72, a P/E/G ratio of 1.83 and a beta of 0.97.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $287.60 million during the quarter, compared to analyst estimates of $277.90 million. ZoomInfo Technologies had a net margin of 18.15% and a return on equity of 7.92%. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James cut their target price on shares of ZoomInfo Technologies from $65.00 to $41.00 in a research note on Wednesday, November 2nd. Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft decreased their target price on ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Truist Financial downgraded ZoomInfo Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $65.00 to $28.00 in a research report on Tuesday, January 10th. Finally, Canaccord Genuity Group decreased their price objective on ZoomInfo Technologies from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Moderate Buy” and an average target price of $44.11.

Insider Transactions at ZoomInfo Technologies

In related news, CEO Henry Schuck sold 1,000,000 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $25.54, for a total transaction of $25,540,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,288,001 shares of the company’s stock, valued at approximately $339,375,545.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.70% of the stock is owned by company insiders.

ZoomInfo Technologies Company Profile

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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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