ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating)’s share price fell 4.5% during trading on Tuesday . The company traded as low as $40.57 and last traded at $40.66. 27,251 shares were traded during mid-day trading, a decline of 99% from the average session volume of 3,234,171 shares. The stock had previously closed at $42.58.
A number of research firms have recently commented on ZI. Zacks Investment Research lowered ZoomInfo Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 22nd. Wells Fargo & Company dropped their price objective on ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. Raymond James dropped their price objective on ZoomInfo Technologies from $70.00 to $65.00 in a research note on Tuesday, May 3rd. UBS Group lifted their price objective on ZoomInfo Technologies from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, February 16th. Finally, The Goldman Sachs Group dropped their price objective on ZoomInfo Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, February 16th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Buy” and a consensus price target of $75.35.
The company has a market capitalization of $16.99 billion, a PE ratio of 152.07, a PEG ratio of 2.72 and a beta of 1.52. The firm has a fifty day moving average of $52.96 and a two-hundred day moving average of $57.50. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.
In other ZoomInfo Technologies news, major shareholder Kirk Norman Brown sold 353,430 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $60.48, for a total transaction of $21,375,446.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Patrick Mader sold 5,079 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $51.17, for a total value of $259,892.43. Following 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 1,544,695 shares of company stock valued at $91,738,406 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. TA Associates L.P. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $3,514,266,000. Capital World Investors grew its stake in shares of ZoomInfo Technologies by 27.5% in the 4th quarter. Capital World Investors now owns 26,343,070 shares of the company’s stock worth $1,691,225,000 after buying an additional 5,679,231 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of ZoomInfo Technologies by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 23,082,415 shares of the company’s stock worth $1,378,944,000 after buying an additional 1,717,608 shares during the last quarter. Morgan Stanley grew its stake in shares of ZoomInfo Technologies by 59.9% in the 3rd quarter. Morgan Stanley now owns 17,928,216 shares of the company’s stock worth $1,097,027,000 after buying an additional 6,718,367 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of ZoomInfo Technologies by 5.7% in the 1st quarter. Allianz Asset Management GmbH now owns 15,119,963 shares of the company’s stock worth $903,267,000 after buying an additional 819,402 shares during the last quarter. 82.92% of the stock is owned by hedge funds and other institutional investors.
About ZoomInfo Technologies (NASDAQ:ZI)
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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