Pacer Advisors Inc. Raises Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Pacer Advisors Inc. lifted its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 38.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,274,829 shares of the company’s stock after purchasing an additional 2,585,631 shares during the period. Pacer Advisors Inc.’s holdings in ZoomInfo Technologies were worth $95,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZI. Advisors Asset Management Inc. lifted its position in shares of ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after purchasing an additional 1,547 shares during the period. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares during the period. State of Alaska Department of Revenue boosted its position in ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after acquiring an additional 2,275 shares in the last quarter. J.Safra Asset Management Corp increased its holdings 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 valued at $34,000 after acquiring an additional 2,388 shares during the period. Finally, KBC Group NV raised its position in shares of ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Activity

In other 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 bought at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Trading Down 2.4 %

NASDAQ ZI opened at $10.37 on Friday. The company has a fifty day moving average of $10.55 and a 200 day moving average of $11.14. The company has a market capitalization of $3.79 billion, a PE ratio of 345.78, a P/E/G ratio of 5.64 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler raised their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lowered their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. KeyCorp lowered shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Mizuho increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada cut their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.72.

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.