Evolution Wealth Advisors LLC acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,588 shares of the company’s stock, valued at approximately $111,000.

Several other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $312,000. Advent Interntional Corp MA acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $5,103,000. Blackstone Group Inc acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $16,074,000. CNH Partners LLC acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $1,786,000. Finally, CenterStar Asset Management LLC acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $685,000.

In other ZoomInfo Technologies news, major shareholder Tc Group Cayman Investment Hol sold 7,061,428 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $35.80, for a total transaction of $252,799,122.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ZI has been the topic of several recent research reports. Zacks Investment Research raised shares of ZoomInfo Technologies from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Saturday, October 10th. UBS Group began coverage on shares of ZoomInfo Technologies in a research note on Monday, June 29th. They set a “neutral” rating and a $55.00 price target on the stock. SunTrust Banks began coverage on shares of ZoomInfo Technologies in a research note on Monday, June 29th. They set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of ZoomInfo Technologies in a research note on Monday, June 29th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Mizuho initiated coverage on shares of ZoomInfo Technologies in a research note on Monday, June 29th. They issued a “buy” rating and a $60.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. ZoomInfo Technologies presently has a consensus rating of “Buy” and a consensus price target of $54.29.

ZI stock opened at $42.63 on Friday. ZoomInfo Technologies Inc. has a 1 year low of $30.83 and a 1 year high of $64.40. The company has a fifty day moving average of $37.37. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.88.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.19. The company had revenue of $110.90 million for the quarter, compared to the consensus estimate of $105.58 million. The business’s quarterly revenue was up 61.9% compared to the same quarter last year.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams in the United States and internationally. The company's platform helps sales and marketing professionals to identify the target customers, pinpoint the right decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft the right message, engage via automated sales tools, and track progress through the deal cycle.

See Also: Retained Earnings

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

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