Oak Thistle LLC Sells 11,457 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Oak Thistle LLC lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 43.8% during the first quarter, Holdings Channel reports. The institutional investor owned 14,723 shares of the company’s stock after selling 11,457 shares during the period. Oak Thistle LLC’s holdings in ZoomInfo Technologies were worth $236,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Coatue Management LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at about $120,619,000. Franklin Resources Inc. increased its holdings in shares of ZoomInfo Technologies by 52,230.4% during the fourth quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock worth $111,960,000 after purchasing an additional 6,043,581 shares during the period. Norges Bank acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $55,448,000. Vanguard Group Inc. boosted its stake in shares of ZoomInfo Technologies by 6.6% in the third quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company’s stock valued at $553,356,000 after buying an additional 2,079,385 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of ZoomInfo Technologies by 275.9% in the fourth quarter. Federated Hermes Inc. now owns 1,004,508 shares of the company’s stock valued at $18,573,000 after buying an additional 737,256 shares during the period. 95.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZI has been the subject of a number of recent analyst reports. Piper Sandler downgraded ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $24.00 to $15.00 in a research report on Wednesday, May 8th. Canaccord Genuity Group decreased their target price on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Mizuho downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $14.00 in a report on Wednesday, May 8th. Citigroup reduced their price target on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a research report on Thursday, May 9th. Finally, Barclays decreased their price target 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. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average price target of $18.90.

Insider Transactions at ZoomInfo Technologies

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

ZoomInfo Technologies Trading Down 0.7 %

ZI traded down $0.09 during midday trading on Monday, hitting $12.68. 3,401,997 shares of the company were exchanged, compared to its average volume of 6,344,218. The firm has a market capitalization of $4.74 billion, a P/E ratio of 63.40, a P/E/G ratio of 3.07 and a beta of 1.06. The firm’s 50 day moving average price is $13.35 and its 200-day moving average price is $15.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. ZoomInfo Technologies Inc. has a 1-year low of $11.67 and a 1-year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $308.84 million. As a group, equities analysts forecast that ZoomInfo Technologies Inc. will post 0.69 EPS for the current fiscal year.

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.