ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) insider Nir Keren sold 15,000 shares of the firm's stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $41.25, for a total value of $618,750.00. Following the completion of the sale, the insider now directly owns 1,055,458 shares in the company, valued at $43,537,642.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
ZoomInfo Technologies Price Performance
Shares of NASDAQ ZI opened at $45.88 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies Inc. has a twelve month low of $30.31 and a twelve month high of $79.17. The firm has a market cap of $18.51 billion, a P/E ratio of 169.93, a PEG ratio of 2.78 and a beta of 1.32. The company has a 50 day moving average of $44.47 and a 200 day moving average of $44.16.
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ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its earnings results on Monday, August 1st. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). ZoomInfo Technologies had a return on equity of 7.16% and a net margin of 13.61%. The company had revenue of $267.10 million during the quarter, compared to the consensus estimate of $254.45 million. During the same period last year, the firm posted $0.11 EPS. The company's revenue for the quarter was up 53.5% on a year-over-year basis. As a group, research analysts expect that ZoomInfo Technologies Inc. will post 0.45 EPS for the current fiscal year.
Institutional Investors Weigh In On ZoomInfo Technologies
A number of large investors have recently added to or reduced their stakes in ZI. Dimensional Fund Advisors LP grew its position in ZoomInfo Technologies by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 23,915 shares of the company's stock worth $1,535,000 after purchasing an additional 1,646 shares during the period. State Street Corp grew its position in shares of ZoomInfo Technologies by 164.4% during the 4th quarter. State Street Corp now owns 2,865,295 shares of the company's stock valued at $183,952,000 after acquiring an additional 1,781,775 shares during the period. Guggenheim Capital LLC grew its position in shares of ZoomInfo Technologies by 216.9% during the 4th quarter. Guggenheim Capital LLC now owns 13,005 shares of the company's stock valued at $835,000 after acquiring an additional 8,901 shares during the period. Canada Pension Plan Investment Board grew its position in shares of ZoomInfo Technologies by 19.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 237,864 shares of the company's stock valued at $15,271,000 after acquiring an additional 39,464 shares during the period. Finally, CIBC World Markets Inc. bought a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at $892,000. Institutional investors own 91.42% of the company's stock.
Analyst Ratings Changes
ZI has been the subject of several research analyst reports. Credit Suisse Group lowered their price objective on shares of ZoomInfo Technologies from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, August 2nd. Canaccord Genuity Group lowered their price objective on shares of ZoomInfo Technologies from $68.00 to $56.00 in a report on Thursday, August 4th. Morgan Stanley lowered their price objective on shares of ZoomInfo Technologies from $81.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $50.00 to $54.00 and gave the stock an "overweight" rating in a report on Tuesday, August 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of ZoomInfo Technologies from $71.00 to $63.00 and set a "buy" rating for the company in a report on Tuesday, August 2nd. Seventeen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $68.89.
About ZoomInfo Technologies
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ZoomInfo Technologies Inc, through 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.
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