Sei Investments Co. Boosts Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Sei Investments Co. raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 148,402 shares of the company’s stock after acquiring an additional 3,984 shares during the quarter. Sei Investments Co.’s holdings in ZoomInfo Technologies were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ZI. J.Safra Asset Management Corp grew its position in shares of ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares in the last quarter. Covestor Ltd grew 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of ZoomInfo Technologies by 45.3% in the 1st 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 during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in ZoomInfo Technologies during the first quarter valued at about $85,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of ZoomInfo Technologies in the 2nd quarter worth about $123,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial cut their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Royal Bank of Canada cut their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus decreased their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock 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 research report on Tuesday, August 6th. Finally, Needham & Company LLC decreased their price objective on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.40.

ZoomInfo Technologies Trading Up 1.9 %

NASDAQ ZI opened at $9.90 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.62 billion, a PE ratio of 49.50, a P/E/G ratio of 6.11 and a beta of 1.06. The stock’s 50 day moving average is $9.90 and its 200 day moving average is $12.34. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data 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). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts forecast that ZoomInfo Technologies Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the sale, the chief financial officer now directly owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the sale, the chief financial officer now owns 1,316,518 shares in the company, valued at approximately $16,285,327.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Henry Schuck bought 1,500,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the purchase, the chief executive officer now owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 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.