Pacer Advisors Inc. Has $95.72 Million Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Pacer Advisors Inc. boosted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 38.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,274,829 shares of the company's stock after acquiring an additional 2,585,631 shares during the quarter. Pacer Advisors Inc. owned about 2.54% of ZoomInfo Technologies worth $95,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $31,000. J.Safra Asset Management Corp boosted its holdings in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock worth $34,000 after buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in ZoomInfo Technologies during the third quarter worth about $37,000. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock valued at $41,000 after buying an additional 2,134 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company's stock worth $54,000 after acquiring an additional 2,861 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded up $0.26 during midday trading on Friday, hitting $10.63. The company's stock had a trading volume of 19,403,643 shares, compared to its average volume of 7,138,758. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock's 50-day moving average price is $10.55 and its 200-day moving average price is $11.10. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The company has a market capitalization of $3.88 billion, a PE ratio of 354.45, a price-to-earnings-growth ratio of 5.64 and a beta of 1.03.

Analyst Upgrades and Downgrades

ZI has been the topic of a number of analyst reports. Barclays decreased their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 6th. Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Bank of America downgraded ZoomInfo Technologies from a "buy" rating to an "underperform" rating and cut their price target for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an "underperform" rating for the company in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.72.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CEO Henry Schuck purchased 492,500 shares of the company's stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares of the company's stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.10% of the company's stock.

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.