Oak Thistle LLC Cuts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Oak Thistle LLC trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 43.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms have recently commented on ZI. Morgan Stanley reduced their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Wells Fargo & Company dropped their target price on shares of ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Stifel Nicolaus reduced their price objective on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. Finally, KeyCorp lowered their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.90.

ZoomInfo Technologies Trading Down 0.7 %

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

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

Insider Activity at ZoomInfo Technologies

In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction 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 $16,345,913.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’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 completion of the sale, the chief financial officer now directly owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value 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. Over the last three months, insiders have sold 16,474 shares of company stock valued at $205,379. Corporate insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Company Profile

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.