Engineers Gate Manager LP Grows Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Engineers Gate Manager LP boosted its position in ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) by 290.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,619 shares of the company’s stock after purchasing an additional 50,318 shares during the period. Engineers Gate Manager LP’s holdings in ZoomInfo Technologies were worth $4,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shaker Investments LLC OH grew its stake in shares of ZoomInfo Technologies by 0.8% during the 1st quarter. Shaker Investments LLC OH now owns 37,272 shares of the company’s stock valued at $2,227,000 after buying an additional 309 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in shares of ZoomInfo Technologies by 7.4% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 4,624 shares of the company’s stock valued at $276,000 after buying an additional 320 shares during the period. SJS Investment Consulting Inc. acquired a new position in shares of ZoomInfo Technologies during the 1st quarter valued at $29,000. PNC Financial Services Group Inc. lifted its holdings in shares of ZoomInfo Technologies by 47.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $115,000 after acquiring an additional 617 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of ZoomInfo Technologies by 7.6% during the 4th quarter. Gotham Asset Management LLC now owns 10,485 shares of the company’s stock valued at $673,000 after acquiring an additional 738 shares in the last quarter. 91.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Canaccord Genuity Group cut their price objective on shares of ZoomInfo Technologies from $68.00 to $56.00 in a report on Thursday, August 4th. TheStreet lowered shares of ZoomInfo Technologies from a “c-” rating to a “d” rating in a research note on Thursday, May 19th. Piper Sandler upped their target price on shares of ZoomInfo Technologies from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, August 2nd. Barclays lowered their price objective on shares of ZoomInfo Technologies from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Finally, Credit Suisse Group decreased their target price on shares of ZoomInfo Technologies from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, August 2nd. Sixteen equities research 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 target price of $69.06.

Insider Buying and Selling

In other ZoomInfo Technologies news, major shareholder Subsidiary Holdings L.L.C. Cg sold 167,755 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $50.85, for a total value of $8,530,341.75. Following the completion of the sale, the insider now owns 40,307,862 shares in the company, valued at $2,049,654,782.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Carlyle Group Inc. sold 181,938 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $46.26, for a total transaction of $8,416,451.88. Following the transaction, the insider now directly owns 40,897,624 shares of the company’s stock, valued at $1,891,924,086.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Subsidiary Holdings L.L.C. Cg sold 167,755 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $50.85, for a total value of $8,530,341.75. Following the transaction, the insider now directly owns 40,307,862 shares in the company, valued at $2,049,654,782.70. The disclosure for this sale can be found here. Insiders sold 571,663 shares of company stock worth $27,533,945 in the last quarter. 9.70% of the stock is owned by insiders.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $45.21 on Friday. The company has a market cap of $18.24 billion, a PE ratio of 167.44, a price-to-earnings-growth ratio of 2.87 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $42.52 and a 200-day moving average price of $45.57. ZoomInfo Technologies Inc. has a 12-month low of $30.31 and a 12-month high of $79.17.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $267.10 million during the quarter, compared to the consensus estimate of $254.45 million. ZoomInfo Technologies had a return on equity of 7.16% and a net margin of 13.61%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.45 earnings per share for the current fiscal year.

ZoomInfo Technologies Profile

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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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Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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