Geode Capital Management LLC Has $53.33 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Geode Capital Management LLC lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,166,042 shares of the company's stock after selling 181,525 shares during the period. Geode Capital Management LLC owned approximately 1.41% of ZoomInfo Technologies worth $53,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock valued at $1,689,000 after purchasing an additional 74,455 shares in the last quarter. Versor Investments LP bought a new position in ZoomInfo Technologies during the 3rd quarter valued at about $516,000. XTX Topco Ltd acquired a new position in ZoomInfo Technologies in the third quarter valued at about $895,000. State Street Corp boosted its position in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after buying an additional 165,440 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock worth $95,716,000 after buying an additional 2,585,631 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Scotiabank started 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. Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Barclays raised their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Citigroup lifted their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a research note on Thursday, November 14th. Five 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 stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of "Hold" and an average target price of $12.77.

Insider Buying and Selling

In other news, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average cost 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 directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded up $0.03 during mid-day trading on Monday, reaching $10.82. 5,402,169 shares of the company's stock were exchanged, compared to its average volume of 7,082,278. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.05. The business's fifty day simple moving average is $10.85 and its two-hundred day simple moving average is $10.79. The firm has a market capitalization of $3.72 billion, a PE ratio of 360.79, a price-to-earnings-growth ratio of 13.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies Company 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.