ZoomInfo Technologies (NASDAQ:ZI) Stock Price Down 2.5%

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s share price dropped 2.5% on Wednesday . The company traded as low as $11.91 and last traded at $11.94. Approximately 626,167 shares changed hands during trading, a decline of 90% from the average daily volume of 6,301,241 shares. The stock had previously closed at $12.25.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. Mizuho cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $14.00 in a report on Wednesday, May 8th. Citigroup cut their price target on ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company decreased their price objective on ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Finally, UBS Group reduced their target price on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.90.

ZoomInfo Technologies Stock Down 0.1 %

The business’s 50 day simple moving average is $13.28 and its 200 day simple moving average is $15.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.58 billion, a PE ratio of 61.25, a PEG ratio of 3.07 and a beta of 1.06.

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

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 5,862 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the sale, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the sale, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the director now owns 17,622 shares in the company, valued at $225,209.16. The disclosure for this sale can be found here. Insiders sold 16,474 shares of company stock worth $205,379 over the last 90 days. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ZI. Norges Bank bought a new stake in ZoomInfo Technologies during the fourth quarter valued at about $55,448,000. Bailard Inc. boosted its holdings in shares of ZoomInfo Technologies by 420.0% in the 4th quarter. Bailard Inc. now owns 129,595 shares of the company’s stock valued at $2,396,000 after buying an additional 104,675 shares in the last quarter. Aquila Investment Management LLC boosted its holdings in shares of ZoomInfo Technologies by 155.8% in the 4th quarter. Aquila Investment Management LLC now owns 243,000 shares of the company’s stock valued at $4,493,000 after buying an additional 148,000 shares in the last quarter. Kodai Capital Management LP purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $3,072,000. Finally, G2 Investment Partners Management LLC bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $2,188,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

About ZoomInfo Technologies

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.