Insider Selling: ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Sells … – MarketBeat
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ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) CEO Henry Schuck sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $28.16, for a total transaction of $28,160,000.00. Following the completion of the transaction, the chief executive officer now directly owns 14,288,001 shares of the company’s stock, valued at approximately $402,350,108.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
ZoomInfo Technologies Stock Up 2.0 %
ZI stock traded up $0.58 during midday trading on Wednesday, reaching $29.31. 3,617,629 shares of the company were exchanged, compared to its average volume of 4,208,318. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 1.28. ZoomInfo Technologies Inc. has a 1-year low of $23.29 and a 1-year high of $67.88. The stock’s 50-day simple moving average is $33.65 and its 200 day simple moving average is $38.46. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 64.13, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). ZoomInfo Technologies had a return on equity of 7.92% and a net margin of 18.15%. The company had revenue of $287.60 million for the quarter, compared to analyst estimates of $277.90 million. On average, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.46 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on ZI shares. Bank of America decreased their price target on shares of ZoomInfo Technologies from $64.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. Canaccord Genuity Group cut their target price on shares of ZoomInfo Technologies from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 17th. Barclays decreased their price target on shares of ZoomInfo Technologies from $54.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, November 2nd. Finally, UBS Group decreased their price target on shares of ZoomInfo Technologies from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Seventeen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $48.76.
Hedge Funds Weigh In On ZoomInfo Technologies
Institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp increased its holdings in shares of ZoomInfo Technologies by 40.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,174 shares of the company’s stock valued at $837,000 after acquiring an additional 7,272 shares during the period. Delphia USA Inc. increased its holdings in shares of ZoomInfo Technologies by 52.3% in the 2nd quarter. Delphia USA Inc. now owns 6,031 shares of the company’s stock valued at $200,000 after acquiring an additional 2,072 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of ZoomInfo Technologies by 5.9% in the 2nd quarter. Vontobel Holding Ltd. now owns 14,595 shares of the company’s stock valued at $499,000 after acquiring an additional 810 shares during the period. Mission Wealth Management LP increased its stake in ZoomInfo Technologies by 65.0% in the 2nd quarter. Mission Wealth Management LP now owns 14,083 shares of the company’s stock valued at $468,000 after buying an additional 5,550 shares during the period. Finally, Nomura Holdings Inc. increased its stake in ZoomInfo Technologies by 2.0% in the 2nd quarter. Nomura Holdings Inc. now owns 376,401 shares of the company’s stock valued at $12,746,000 after buying an additional 7,512 shares during the period. 91.42% of the stock is owned by institutional investors and hedge funds.
About ZoomInfo Technologies
(Get Rating)
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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