Impax Asset Management Group plc Takes Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Impax Asset Management Group plc bought a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 64,406 shares of the company's stock, valued at approximately $677,000.

Several other hedge funds have also recently added to or reduced their stakes in ZI. Victory Capital Management Inc. lifted its position in shares of ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock worth $1,689,000 after acquiring an additional 74,455 shares during the period. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $2,320,000. Versor Investments LP bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $516,000. State Street Corp lifted its position in shares of ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after acquiring an additional 165,440 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $895,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

ZI stock traded down $0.35 during midday trading on Friday, reaching $11.66. 11,003,833 shares of the company's stock traded hands, compared to its average volume of 7,657,787. The company has a 50-day simple moving average of $10.30 and a two-hundred day simple moving average of $10.36. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $17.13. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 388.80, a PEG ratio of 13.05 and a beta of 1.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Remove Ads

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. On average, analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Insider Activity

In related news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares of the company's stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Canaccord Genuity Group raised their price objective on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday. Piper Sandler upgraded ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $10.00 to $11.00 in a research report on Wednesday. Barclays increased their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.92.

About ZoomInfo Technologies

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.