Amalgamated Bank Reduces Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Amalgamated Bank cut its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 26.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,961 shares of the company's stock after selling 47,832 shares during the quarter. Amalgamated Bank's holdings in ZoomInfo Technologies were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock valued at $85,421,000 after buying an additional 6,611,160 shares during the last quarter. Marshall Wace LLP bought a new stake in ZoomInfo Technologies during the 2nd quarter worth approximately $73,435,000. Bank of New York Mellon Corp boosted its position in shares of ZoomInfo Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock worth $42,005,000 after purchasing an additional 223,669 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of ZoomInfo Technologies by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company's stock worth $41,279,000 after purchasing an additional 548,094 shares in the last quarter. Finally, Kinetic Partners Management LP raised its holdings in ZoomInfo Technologies by 95.4% during the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company's stock valued at $43,529,000 after acquiring an additional 1,325,500 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZI has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price target on ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Wells Fargo & Company lowered their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Daiwa America cut shares of ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 13th. KeyCorp lowered ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, August 6th. Finally, Barclays lowered their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.84.

ZoomInfo Technologies Stock Up 1.3 %

Shares of ZI traded up $0.14 during mid-day trading on Thursday, hitting $10.67. 7,200,744 shares of the company traded hands, compared to its average volume of 6,927,784. The business has a 50 day moving average of $10.50 and a 200 day moving average of $11.36. The company has a market capitalization of $3.90 billion, a PE ratio of 355.12, a price-to-earnings-growth ratio of 8.00 and a beta of 1.03. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $19.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

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.