ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,277,779 shares of the company’s stock after selling 1,997,050 shares during the quarter. Pacer Advisors Inc. owned about 2.12% of ZoomInfo Technologies worth $76,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV raised its position in ZoomInfo Technologies by 2,644.4% during the 4th quarter. KBC Group NV now owns 257,781 shares of the company’s stock worth $2,709,000 after buying an additional 248,388 shares during the last quarter. Blue Trust Inc. lifted its position in ZoomInfo Technologies by 10,586.7% during the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company’s stock valued at $215,000 after purchasing an additional 20,644 shares during the period. Fifth Third Bancorp grew its position in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after buying an additional 4,735 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at about $163,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the topic of a number of analyst reports. Citigroup raised their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Piper Sandler reissued an “underweight” rating and issued a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Scotiabank initiated coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Finally, Mizuho increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.52.

Insider Activity

In related news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Stock Up 0.3 %

ZI stock opened at $9.98 on Monday. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The company’s 50 day moving average price is $10.48 and its 200 day moving average price is $10.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 332.78, a PEG ratio of 12.92 and a beta of 1.01.

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.