CANADA LIFE ASSURANCE Co Has $8.26 Million Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

CANADA LIFE ASSURANCE Co boosted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 515,200 shares of the company’s stock after buying an additional 66,025 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.14% of ZoomInfo Technologies worth $8,260,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ZI. SG Americas Securities LLC raised its holdings in ZoomInfo Technologies by 553.3% during the 4th quarter. SG Americas Securities LLC now owns 80,873 shares of the company’s stock worth $1,495,000 after buying an additional 68,493 shares during the period. Pacer Advisors Inc. raised its holdings in shares of ZoomInfo Technologies by 63.9% in the fourth quarter. Pacer Advisors Inc. now owns 56,974 shares of the company’s stock valued at $1,053,000 after purchasing an additional 22,214 shares during the last quarter. Washington Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $312,000. Fifth Third Bancorp raised 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 during the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in shares of ZoomInfo Technologies by 15.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 62,400 shares of the company’s stock valued at $1,154,000 after purchasing an additional 8,500 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Up 2.4 %

Shares of ZoomInfo Technologies stock opened at $11.31 on Friday. The firm has a 50-day moving average of $12.24 and a 200-day moving average of $14.62. The stock has a market cap of $4.23 billion, a PE ratio of 56.55, a PEG ratio of 2.66 and a beta of 1.06. ZoomInfo Technologies Inc. has a 52-week low of $10.83 and a 52-week high of $26.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $310.10 million during 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%. As a group, sell-side analysts forecast that ZoomInfo Technologies Inc. will post 0.69 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Citigroup lowered their price objective on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group lowered their price objective 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. Piper Sandler lowered their price objective on shares of ZoomInfo Technologies from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Mizuho cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $14.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.67.

Insider Activity at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the transaction, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark Patrick Mader sold 3,112 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $39,771.36. Following the completion of the transaction, the director now 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 can be accessed through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the transaction, the chief financial officer now directly owns 1,316,518 shares of the company’s stock, valued at approximately $16,285,327.66. The disclosure for this sale can be found here. Insiders sold a total of 23,974 shares of company stock valued at $298,154 over the last quarter. 8.10% of the stock is owned by corporate insiders.

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.