CANADA LIFE ASSURANCE Co Increases Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

CANADA LIFE ASSURANCE Co lifted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.7% in the first quarter, Holdings Channel.com reports. The firm owned 515,200 shares of the company’s stock after buying an additional 66,025 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in ZoomInfo Technologies were worth $8,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $55,448,000. Bailard Inc. boosted its holdings in shares of ZoomInfo Technologies by 420.0% in the 4th quarter. Bailard Inc. now owns 129,595 shares of the company’s stock worth $2,396,000 after purchasing an additional 104,675 shares during the period. Aquila Investment Management LLC boosted its holdings in shares of ZoomInfo Technologies by 155.8% in the 4th quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock worth $4,493,000 after purchasing an additional 148,000 shares during the period. Kodai Capital Management LP purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $3,072,000. Finally, G2 Investment Partners Management LLC purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $2,188,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 2.4 %

Shares of NASDAQ:ZI opened at $11.31 on Friday. ZoomInfo Technologies Inc. has a 12-month low of $10.83 and a 12-month high of $26.23. The business’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $14.62. The company has a market capitalization of $4.23 billion, a PE ratio of 56.55, a P/E/G ratio of 2.66 and a beta of 1.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. The business had revenue of $310.10 million for the quarter, compared to the consensus estimate of $308.84 million. As a group, equities research analysts predict that ZoomInfo Technologies Inc. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZI shares. UBS Group dropped their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Stifel Nicolaus decreased their price target on ZoomInfo Technologies from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays decreased their price target on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Piper Sandler decreased their price target on ZoomInfo Technologies from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.67.

Insider Activity

In related news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares in the company, valued at approximately $1,041,726. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares in the company, valued at approximately $1,041,726. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 1,279,023 shares in the company, valued at $16,345,913.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,974 shares of company stock worth $298,154. 8.10% of the stock is currently owned by company insiders.

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.