Private Capital Advisors Inc. purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 170,176 shares of the company’s stock, valued at approximately $10,925,000. ZoomInfo Technologies accounts for about 1.7% of Private Capital Advisors Inc.’s portfolio, making the stock its 19th biggest position.
Several other institutional investors also recently bought and sold shares of ZI. First Horizon Advisors Inc. raised its position in ZoomInfo Technologies by 7,566.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 230 shares of the company’s stock worth $50,000 after purchasing an additional 227 shares during the period. Arcadia Investment Management Corp MI raised its stake in shares of ZoomInfo Technologies by 21.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,270 shares of the company’s stock worth $82,000 after buying an additional 220 shares during the period. Focused Wealth Management Inc purchased a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $83,000. Captrust Financial Advisors acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $110,000. Finally, GraniteShares Advisors LLC purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at $124,000. Institutional investors own 82.92% of the company’s stock.
In other news, major shareholder Subsidiary Holdings L.L.C. Cg sold 22,880 shares of the company’s stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $57.31, for a total value of $1,311,252.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark Patrick Mader sold 5,079 shares of the stock in a transaction dated Wednesday, May 4th. The stock was 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 directly owns 5,000 shares of the company’s stock, valued at approximately $255,850. The disclosure for this sale can be found here. Insiders have sold a total of 1,567,575 shares of company stock worth $93,049,659 in the last quarter. Insiders own 9.70% of the company’s stock.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its earnings results on Monday, May 2nd. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $241.70 million during the quarter, compared to analyst estimates of $227.49 million. ZoomInfo Technologies had a return on equity of 8.46% and a net margin of 14.34%. During the same quarter last year, the company earned $0.02 EPS. As a group, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.49 earnings per share for the current year.
A number of analysts recently commented on the stock. Bank of America decreased their price objective on shares of ZoomInfo Technologies from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, February 16th. Zacks Investment Research downgraded ZoomInfo Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 22nd. Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Stifel Nicolaus cut their target price on ZoomInfo Technologies from $85.00 to $75.00 in a research report on Tuesday, May 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of ZoomInfo Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, February 16th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $75.35.
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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