Mission Wealth Management LP Grows Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Mission Wealth Management LP grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 21.6% during the first quarter, Holdings Channel.com reports. The fund owned 27,940 shares of the company’s stock after acquiring an additional 4,963 shares during the period. Mission Wealth Management LP’s holdings in ZoomInfo Technologies were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ZI. Fifth Third Bancorp grew its holdings in shares of ZoomInfo Technologies by 64.2% in the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after purchasing an additional 646 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $43,000. International Assets Investment Management LLC grew its holdings in shares of ZoomInfo Technologies by 792.2% in the fourth quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock valued at $61,000 after purchasing an additional 2,939 shares in the last quarter. Quest Partners LLC acquired a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $62,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of ZoomInfo Technologies by 85.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock valued at $72,000 after purchasing an additional 1,786 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Up 0.2 %

Shares of ZI stock traded up $0.02 during trading hours on Friday, hitting $12.27. 4,723,815 shares of the company were exchanged, compared to its average volume of 6,312,198. The firm has a market cap of $4.59 billion, a PE ratio of 61.35, a PEG ratio of 2.94 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 company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average of $13.05 and a 200 day moving average of $15.26.

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

Analyst Ratings Changes

ZI has been the subject of several analyst reports. Mizuho cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $14.00 in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, May 8th. Wells Fargo & Company lowered their target price on shares of ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Morgan Stanley lowered their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Piper Sandler cut shares of ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $24.00 to $15.00 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 given a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $18.90.

Insider Transactions at ZoomInfo Technologies

In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction 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 filing with the SEC, which is available at the SEC website. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction 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 filing with the SEC, which is available at the SEC website. Also, Director Mark Patrick Mader sold 3,112 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the director now directly 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 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.