ZoomInfo Technologies Inc. (NASDAQ:ZI) Position Lifted by Fmr LLC

Fmr LLC raised its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 27.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,053,422 shares of the company’s stock after purchasing an additional 7,177,687 shares during the period. Fmr LLC owned 9.05% of ZoomInfo Technologies worth $341,111,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ZI. Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies during the third quarter worth $31,000. J.Safra Asset Management Corp lifted its position in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at about $37,000. GAMMA Investing LLC grew its position in shares of ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after buying an additional 2,134 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of ZoomInfo Technologies during the 1st quarter valued at about $85,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $10.94 on Friday. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average of $10.60 and a two-hundred day moving average of $11.01. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 364.79, a PEG ratio of 14.37 and a beta of 1.03.

Insider Buying and Selling

In related news, CEO Henry Schuck purchased 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the purchase, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZI. Scotiabank started coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Truist Financial cut their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.72.

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.