Alberta Investment Management Corp Makes New $2.32 Million Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Alberta Investment Management Corp bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 220,720 shares of the company's stock, valued at approximately $2,320,000. Alberta Investment Management Corp owned 0.06% of ZoomInfo Technologies at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ZI. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the third quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $37,000. Fifth Third Bancorp grew its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock worth $40,000 after purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares during the period. Institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

ZI has been the topic of a number of recent research reports. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Wells Fargo & Company reissued an "equal weight" rating and set a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective on the stock. Finally, Citigroup boosted their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.15.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded down $0.25 during trading hours on Friday, hitting $9.65. 6,484,138 shares of the company were exchanged, compared to its average volume of 6,300,521. 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 52-week low of $7.65 and a 52-week high of $17.89. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 321.77, a PEG ratio of 13.41 and a beta of 1.01. The company's 50 day moving average price is $10.30 and its 200-day moving average price is $10.29.

Insider Transactions at ZoomInfo Technologies

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

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.