ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 48.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,584 shares of the company's stock after selling 53,104 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in ZoomInfo Technologies were worth $735,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. American Trust lifted its position in shares of ZoomInfo Technologies by 5.9% in the fourth quarter. American Trust now owns 11,326 shares of the company's stock valued at $209,000 after acquiring an additional 628 shares in the last quarter. Fifth Third Bancorp lifted its position 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. Retirement Systems of Alabama lifted its position in shares of ZoomInfo Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 371,995 shares of the company's stock valued at $5,963,000 after acquiring an additional 976 shares in the last quarter. 49 Wealth Management LLC lifted its position in shares of ZoomInfo Technologies by 11.3% in the first quarter. 49 Wealth Management LLC now owns 13,345 shares of the company's stock valued at $214,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in ZoomInfo Technologies by 45.3% during the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company's stock worth $80,000 after buying an additional 1,547 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZI. Stifel Nicolaus reduced their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Needham & Company LLC reduced their price objective on ZoomInfo Technologies from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Raymond James downgraded ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 6th. Mizuho reduced their target price on ZoomInfo Technologies from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Finally, Truist Financial reduced their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday, August 6th. Four investment 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.40.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock traded up $0.12 on Thursday, hitting $9.94. The stock had a trading volume of 3,272,920 shares, compared to its average volume of 6,610,458. The company's 50 day moving average price is $10.63 and its 200 day moving average price is $13.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 49.70, a P/E/G ratio of 6.05 and a beta of 1.05. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.17 EPS 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%. The firm's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other ZoomInfo Technologies news, Director Mark Patrick Mader sold 3,112 shares of the business'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 in the company, valued at approximately $225,209.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the company'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 value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of the company'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 value of $39,771.36. Following the completion of the sale, the director now owns 17,622 shares in the company, valued at approximately $225,209.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,112 shares of company stock worth $228,396. Company insiders own 8.10% of the company's stock.

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.