Neo Ivy Capital Management Invests $720,000 in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Neo Ivy Capital Management bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,768 shares of the company's stock, valued at approximately $720,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies during the third quarter worth $31,000. J.Safra Asset Management Corp raised 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 purchasing an additional 2,388 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZoomInfo Technologies in the 3rd quarter valued at about $37,000. GAMMA Investing LLC grew 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 purchasing an additional 2,134 shares during the period. Finally, KBC Group NV increased its position in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company's stock worth $97,000 after buying an additional 2,635 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company's stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 1,266,807 shares of the company's stock, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock traded down $0.16 during trading hours on Thursday, hitting $10.61. 4,358,799 shares of the company's stock traded hands, compared to its average volume of 7,074,805. The company has a fifty day simple moving average of $10.72 and a 200-day simple moving average of $10.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 359.12, a PEG ratio of 13.68 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39.

Analyst Upgrades and Downgrades

ZI has been the topic of several research reports. Scotiabank assumed coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 target price on the stock. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Barclays upped their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Citigroup boosted their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a report on Thursday, November 14th. Finally, Piper Sandler lifted their price target on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.77.

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.