DNB Asset Management AS Has $2.65 Million Position in ZoomInfo Technologies Inc. (NASDAQ:ZI) – Defense World
Posted by admin on Jun 25th, 2022 
DNB Asset Management AS grew its position in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 28.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,279 shares of the company’s stock after purchasing an additional 9,679 shares during the period. DNB Asset Management AS’s holdings in ZoomInfo Technologies were worth $2,645,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in ZoomInfo Technologies by 89.8% in the third quarter. Dimensional Fund Advisors LP now owns 22,269 shares of the company’s stock valued at $1,363,000 after buying an additional 10,534 shares in the last quarter. LPL Financial LLC boosted its position in ZoomInfo Technologies by 24.6% in the third quarter. LPL Financial LLC now owns 36,041 shares of the company’s stock valued at $2,205,000 after buying an additional 7,122 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in ZoomInfo Technologies in the third quarter valued at about $12,821,000. National Asset Management Inc. acquired a new position in ZoomInfo Technologies in the third quarter valued at about $692,000. Finally, Janus Henderson Group PLC acquired a new position in ZoomInfo Technologies in the third quarter valued at about $1,099,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.
ZoomInfo Technologies stock opened at $37.71 on Friday. The stock has a market capitalization of $15.21 billion, a PE ratio of 134.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.56. ZoomInfo Technologies Inc. has a twelve month low of $30.31 and a twelve month high of $79.17. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $42.07 and a 200-day moving average of $51.15.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $241.70 million during the quarter, compared to analysts’ expectations of $227.49 million. ZoomInfo Technologies had a net margin of 14.34% and a return on equity of 8.46%. During the same quarter in the prior year, the company earned $0.02 earnings per share. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.49 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. TheStreet downgraded shares of ZoomInfo Technologies from a “c-” rating to a “d” rating in a research note on Thursday, May 19th. Barclays dropped their target price on shares of ZoomInfo Technologies from $68.00 to $64.00 in a research note on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of ZoomInfo Technologies from $80.00 to $75.00 in a research note on Tuesday, May 3rd. Finally, Stifel Nicolaus dropped their target price on shares of ZoomInfo Technologies from $85.00 to $75.00 in a research note on Tuesday, May 3rd. Eighteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $76.21.
In related news, Director Mark Patrick Mader sold 5,079 shares of the stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $51.17, for a total transaction of $259,892.43. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $255,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Henry Schuck sold 143,761 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $42.36, for a total transaction of $6,089,715.96. Following the transaction, the chief executive officer now owns 15,288,001 shares of the company’s stock, valued at approximately $647,599,722.36. The disclosure for this sale can be found here. Insiders sold 1,277,947 shares of company stock valued at $72,019,613 in the last quarter. Corporate insiders own 9.70% of the company’s stock.
ZoomInfo Technologies Company Profile (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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