ZoomInfo Technologies Inc. (NASDAQ:ZI) CTO Ali Dasdan Sells 11,977 Shares

ZoomInfo Technologies Inc. (NASDAQ:ZI) CTO Ali Dasdan sold 11,977 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.27, for a total transaction of $206,842.79. Following the completion of the sale, the chief technology officer now directly owns 35,929 shares in the company, valued at $620,493.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ZoomInfo Technologies Trading Down 1.1 %

Shares of NASDAQ:ZI opened at $17.03 on Tuesday. ZoomInfo Technologies Inc. has a 12-month low of $17.00 and a 12-month high of $48.76. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.84 billion, a PE ratio of 56.77, a price-to-earnings-growth ratio of 2.32 and a beta of 1.00. The stock has a 50 day moving average of $20.67 and a 200 day moving average of $22.71.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. ZoomInfo Technologies had a return on equity of 10.22% and a net margin of 10.32%. The company had revenue of $308.60 million during the quarter, compared to the consensus estimate of $310.33 million. As a group, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of ZoomInfo Technologies from a “d” rating to a “c” rating in a report on Monday, June 5th. Piper Sandler lowered their price target on ZoomInfo Technologies from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Tuesday, August 1st. Credit Suisse Group lowered their price target on ZoomInfo Technologies from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, August 1st. Raymond James lowered their price target on ZoomInfo Technologies from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, August 1st. Finally, DA Davidson lowered their price target on ZoomInfo Technologies from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new position in ZoomInfo Technologies in the second quarter valued at about $42,000. California State Teachers Retirement System boosted its holdings in ZoomInfo Technologies by 62.1% in the second quarter. California State Teachers Retirement System now owns 710,771 shares of the company’s stock worth $18,046,000 after acquiring an additional 272,185 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in ZoomInfo Technologies by 9.9% in the second quarter. Osaic Holdings Inc. now owns 20,536 shares of the company’s stock worth $521,000 after acquiring an additional 1,855 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in ZoomInfo Technologies in the second quarter worth about $7,743,000. Finally, Principal Street Partners LLC boosted its holdings in ZoomInfo Technologies by 101.5% in the second quarter. Principal Street Partners LLC now owns 1,266,710 shares of the company’s stock worth $32,162,000 after acquiring an additional 637,925 shares in the last quarter. Hedge funds and other institutional investors own 89.59% of the company’s stock.

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.