Canada Pension Plan Investment Board Lowers Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Canada Pension Plan Investment Board lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 95.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,100 shares of the company’s stock after selling 193,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in ZoomInfo Technologies were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZI. American Trust increased its position in ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company’s stock valued at $209,000 after buying an additional 628 shares in the last quarter. Retirement Systems of Alabama increased its position in ZoomInfo Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock valued at $5,963,000 after buying an additional 976 shares in the last quarter. 49 Wealth Management LLC increased its position in ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock valued at $214,000 after buying an additional 1,360 shares in the last quarter. Advisors Asset Management Inc. increased its position in ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after buying an additional 1,547 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in ZoomInfo Technologies by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 72,700 shares of the company’s stock valued at $1,165,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total transaction of $92,775.00. Following the transaction, the chief financial officer now directly owns 1,316,518 shares in the company, valued at $16,285,327.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other ZoomInfo Technologies news, CEO Henry Schuck acquired 1,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 11,788,001 shares of the company’s stock, valued at $100,080,128.49. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the transaction, the chief financial officer now owns 1,316,518 shares in the company, valued at $16,285,327.66. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZI. Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. DA Davidson lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $9.50 in a research report on Tuesday, August 6th. Truist Financial reduced their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Finally, Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $13.40.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.50 on Friday. The company has a market capitalization of $3.84 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 6.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The business’s fifty day moving average is $10.05 and its 200 day moving average is $12.55. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. ZoomInfo Technologies’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current year.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc, together with 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.