KBC Group NV Increases Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

KBC Group NV raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 2,644.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 257,781 shares of the company's stock after purchasing an additional 248,388 shares during the period. KBC Group NV owned approximately 0.08% of ZoomInfo Technologies worth $2,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ZI. Blue Trust Inc. boosted its position in shares of ZoomInfo Technologies by 10,586.7% during the fourth quarter. Blue Trust Inc. now owns 20,839 shares of the company's stock valued at $215,000 after buying an additional 20,644 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after acquiring an additional 4,735 shares during the period. Everence Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $163,000. Finally, GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $54,000 after purchasing an additional 1,160 shares during the period. 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. Citigroup lifted their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a "sell" rating in a research report on Thursday, November 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Finally, Barclays lowered their price objective on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.52.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded up $0.26 during mid-day trading on Tuesday, reaching $10.44. The company's stock had a trading volume of 5,527,287 shares, compared to its average volume of 7,447,340. The stock has a fifty day moving average of $10.48 and a two-hundred day moving average of $10.37. The firm has a market capitalization of $3.58 billion, a PE ratio of 348.12, a P/E/G ratio of 13.44 and a beta of 1.01. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $18.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Insiders Place Their Bets

In other news, CEO Henry Schuck acquired 492,500 shares of ZoomInfo Technologies 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 purchase, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

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.