Bailard Inc. Sells 101,000 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Bailard Inc. decreased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 77.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,595 shares of the company's stock after selling 101,000 shares during the quarter. Bailard Inc.'s holdings in ZoomInfo Technologies were worth $365,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coatue Management LLC bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $120,619,000. Franklin Resources Inc. boosted its position in ZoomInfo Technologies by 52,230.4% during the 4th quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company's stock worth $111,960,000 after acquiring an additional 6,043,581 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ZoomInfo Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock worth $42,005,000 after purchasing an additional 223,669 shares in the last quarter. Norges Bank acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at $55,448,000. Finally, Kinetic Partners Management LP raised its stake in shares of ZoomInfo Technologies by 95.4% during the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company's stock valued at $43,529,000 after purchasing an additional 1,325,500 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson cut shares of ZoomInfo Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Canaccord Genuity Group lowered their price objective on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company cut their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. Raymond James cut shares of ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Finally, Truist Financial cut their target price on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.40.

ZoomInfo Technologies Stock Down 0.3 %

Shares of NASDAQ ZI traded down $0.03 during mid-day trading on Tuesday, reaching $9.77. The company had a trading volume of 3,719,365 shares, compared to its average volume of 6,671,569. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve 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 $3.65 billion, a PE ratio of 48.85, a price-to-earnings-growth ratio of 5.82 and a beta of 1.06. The stock's 50 day moving average is $11.00 and its 200-day moving average is $13.67.

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

Insider Activity

In related news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the sale, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of the firm's stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the transaction, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Henry Schuck purchased 1,500,000 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the purchase, the chief executive officer now owns 11,788,001 shares of the company's stock, valued at $100,080,128.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 23,974 shares of company stock valued at $298,154. 8.10% of the stock is owned by insiders.

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.