ZoomInfo Technologies Inc. (NASDAQ:ZI) CFO Sells $95,850.00 in Stock

ZoomInfo Technologies Inc. (NASDAQ:ZIGet Free Report) CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $95,850.00. Following the transaction, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.36 during midday trading on Monday, hitting $12.02. 4,135,248 shares of the company’s stock traded hands, compared to its average volume of 6,140,408. The firm has a fifty day moving average of $14.11 and a 200 day moving average of $15.65. ZoomInfo Technologies Inc. has a 1 year low of $11.67 and a 1 year high of $30.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 61.90, a price-to-earnings-growth ratio of 2.97 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZIGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The business had revenue of $310.10 million during the quarter, compared to analysts’ expectations of $308.84 million. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its stake in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after acquiring an additional 646 shares during the period. GAMMA Investing LLC purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter worth $43,000. Covestor Ltd raised its position in shares of ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock valued at $54,000 after purchasing an additional 2,861 shares during the period. International Assets Investment Management LLC lifted its stake in shares of ZoomInfo Technologies by 792.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after buying an additional 2,939 shares in the last quarter. Finally, Quest Partners LLC bought a new position in ZoomInfo Technologies in the 4th quarter worth $62,000. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of recent research reports. Barclays cut their target price on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, May 8th. Piper Sandler lowered shares of ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $24.00 to $15.00 in a research note on Wednesday, May 8th. Canaccord Genuity Group dropped their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus reduced their price target on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

View Our Latest Research Report on ZI

About ZoomInfo Technologies

(Get Free Report)

ZoomInfo Technologies Inc, together with 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.

Featured Stories

Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.