SG Americas Securities LLC Purchases Shares of 88,966 ZoomInfo Technologies Inc. (NASDAQ:ZI)

SG Americas Securities LLC acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 88,966 shares of the company's stock, valued at approximately $1,136,000.

A number of other institutional investors also recently made changes to their positions in ZI. Fifth Third Bancorp grew its stake in shares of ZoomInfo Technologies by 44.0% in the first quarter. Fifth Third Bancorp now owns 2,381 shares of the company's stock valued at $38,000 after acquiring an additional 728 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $43,000. Covestor Ltd increased its holdings in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company's stock worth $54,000 after purchasing an additional 2,861 shares during the period. International Assets Investment Management LLC raised its position in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company's stock valued at $61,000 after buying an additional 2,939 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $62,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 0.7 %

Shares of NASDAQ:ZI traded down $0.06 during midday trading on Friday, hitting $9.14. 5,439,086 shares of the stock were exchanged, compared to its average volume of 6,710,260. The business's 50-day moving average price is $11.33 and its 200 day moving average price is $13.92. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. 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 stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 45.70, a P/E/G ratio of 5.43 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.07). The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company's revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Analysts predict that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZI has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. Piper Sandler cut their price objective on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. KeyCorp lowered shares of ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a report on Tuesday, August 6th. The Goldman Sachs Group cut shares of ZoomInfo Technologies from a "neutral" rating to a "sell" rating and dropped their target price for the company from $19.50 to $12.00 in a research report on Wednesday, May 8th. Finally, Citigroup reduced their price target on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a "sell" rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of "Hold" and an average target price of $13.40.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck bought 1,500,000 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the acquisition, the chief executive officer now owns 11,788,001 shares of the company's stock, valued at $100,080,128.49. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Henry Schuck bought 1,500,000 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the transaction, the chief executive officer now owns 11,788,001 shares of the company's stock, valued at approximately $100,080,128.49. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark Patrick Mader sold 3,112 shares of the firm's stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the director now owns 17,622 shares of the company's stock, valued at approximately $225,209.16. The disclosure for this sale can be found here. Insiders sold 23,974 shares of company stock worth $298,154 over the last three months. Company insiders own 8.10% of the company's stock.

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.