ZoomInfo Technologies (NASDAQ:ZI) Stock Price Down 2.5%

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares traded down 2.5% during trading on Wednesday . The company traded as low as $11.91 and last traded at $11.94. 626,167 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 6,301,241 shares. The stock had previously closed at $12.25.

Analyst Ratings Changes

Several research firms have issued reports on ZI. KeyCorp cut their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Barclays decreased their target price on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. Citigroup dropped their price target on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Morgan Stanley reduced their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company lowered their price objective on shares of ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.90.

ZoomInfo Technologies Trading Down 0.1 %

The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 61.25, a P/E/G ratio of 3.07 and a beta of 1.06. The business’s 50 day moving average is $13.28 and its 200 day moving average is $15.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.11.

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

Insider Buying and Selling

In other news, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of the company’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 transaction, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Insiders sold a total of 16,474 shares of company stock worth $205,379 in the last 90 days. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds have recently modified their holdings of the stock. Coatue Management LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $120,619,000. Franklin Resources Inc. grew its holdings 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 valued at $111,960,000 after purchasing an additional 6,043,581 shares in the last quarter. Norges Bank purchased a new stake in ZoomInfo Technologies during the 4th quarter worth $55,448,000. Vanguard Group Inc. lifted its holdings in ZoomInfo Technologies by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock worth $553,356,000 after buying an additional 2,079,385 shares in the last quarter. Finally, Delta Global Management LP boosted its position in ZoomInfo Technologies by 280.1% in the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after buying an additional 1,911,221 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.