ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 26.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,961 shares of the company’s stock after selling 47,832 shares during the quarter. Amalgamated Bank’s holdings in ZoomInfo Technologies were worth $1,393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp increased its holdings 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. Raleigh Capital Management Inc. purchased a new stake in ZoomInfo Technologies during the third quarter worth $31,000. Covestor Ltd grew its position in ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after buying an additional 2,861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies in the third quarter valued at $37,000. Finally, GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Down 19.5 %

Shares of NASDAQ:ZI opened at $10.53 on Thursday. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The stock has a market cap of $3.85 billion, a P/E ratio of 351.12, a PEG ratio of 8.00 and a beta of 1.03. The business has a fifty day moving average of $10.49 and a two-hundred day moving average of $11.37. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

ZI has been the subject of several recent analyst reports. Mizuho lifted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus cut their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. 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. Finally, Citigroup dropped their target price 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $12.76.

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.