Empowered Funds LLC Takes $329,000 Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Empowered Funds LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 31,285 shares of the company's stock, valued at approximately $329,000.

Several other hedge funds have also recently bought and sold shares of ZI. Victory Capital Management Inc. grew its stake in ZoomInfo Technologies by 83.4% during the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock worth $1,689,000 after purchasing an additional 74,455 shares in the last quarter. Versor Investments LP acquired a new position in shares of ZoomInfo Technologies during the third quarter worth about $516,000. State Street Corp grew its position in shares of ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock worth $89,025,000 after buying an additional 165,440 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $895,000. Finally, KBC Group NV raised its holdings in ZoomInfo Technologies by 2,644.4% in the fourth quarter. KBC Group NV now owns 257,781 shares of the company's stock valued at $2,709,000 after acquiring an additional 248,388 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZI shares. Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Barclays decreased their target price on ZoomInfo Technologies from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reiterated an "equal weight" rating and issued a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Piper Sandler restated an "underweight" rating and set a $10.00 price objective (down previously from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.15.

ZoomInfo Technologies Stock Performance

Shares of ZI stock traded down $0.25 during mid-day trading on Friday, hitting $9.65. The stock had a trading volume of 6,484,138 shares, compared to its average volume of 6,300,521. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $17.89. 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 company's 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.29. The firm has a market cap of $3.31 billion, a PE ratio of 321.77, a PEG ratio of 13.41 and a beta of 1.01.

Insider Activity at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now owns 1,266,807 shares of the company's stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares in the company, valued at $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. 8.10% of the stock is owned by insiders.

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.