Daiwa Securities Group Inc. trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,474 shares of the company’s stock after selling 1,435 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of ZoomInfo Technologies by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 23,082,415 shares of the company’s stock valued at $1,378,944,000 after purchasing an additional 1,717,608 shares during the period. Jennison Associates LLC raised its stake in ZoomInfo Technologies by 5.9% during the 3rd quarter. Jennison Associates LLC now owns 6,972,740 shares of the company’s stock worth $290,484,000 after buying an additional 391,169 shares during the period. State Street Corp raised its stake in ZoomInfo Technologies by 71.7% during the 2nd quarter. State Street Corp now owns 5,874,049 shares of the company’s stock worth $195,253,000 after buying an additional 2,453,367 shares during the period. Artisan Partners Limited Partnership raised its stake in ZoomInfo Technologies by 6.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,962,769 shares of the company’s stock worth $164,962,000 after buying an additional 308,500 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in ZoomInfo Technologies by 31.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,405,274 shares of the company’s stock worth $146,431,000 after buying an additional 1,050,243 shares during the period. 84.96% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at ZoomInfo Technologies
In other 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 value of $25,540,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,288,001 shares of the company’s stock, valued at $339,375,545.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.70% of the stock is owned by corporate insiders.
ZoomInfo Technologies Price Performance
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.12 earnings per share 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 firm had revenue of $287.60 million for the quarter, compared to the consensus estimate of $277.90 million. Analysts anticipate that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current year.
Analyst Ratings Changes
ZI has been the topic of a number of research reports. Mizuho dropped their price target on ZoomInfo Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 8th. Deutsche Bank Aktiengesellschaft dropped their price target on ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 17th. 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 note on Friday, January 6th. Canaccord Genuity Group lowered their price objective on ZoomInfo Technologies from $56.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Finally, Morgan Stanley lowered their price objective on ZoomInfo Technologies from $60.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, December 7th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.33.
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.
- Get a free copy of the StockNews.com research report on ZoomInfo Technologies (ZI)
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