Primecap Management Co. CA Has $26.48 Million Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Primecap Management Co. CA raised its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 97.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,565,440 shares of the company's stock after acquiring an additional 1,267,171 shares during the quarter. Primecap Management Co. CA owned approximately 0.70% of ZoomInfo Technologies worth $26,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock valued at $85,421,000 after purchasing an additional 6,611,160 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of ZoomInfo Technologies in the second quarter valued at approximately $73,435,000. Kinetic Partners Management LP lifted its stake in shares of 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 buying an additional 1,325,500 shares during the period. Swedbank AB acquired a new stake in ZoomInfo Technologies during the first quarter worth approximately $14,026,000. Finally, M&G Plc purchased a new stake in ZoomInfo Technologies in the 2nd quarter worth approximately $9,534,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ZI. Deutsche Bank Aktiengesellschaft decreased their price objective on ZoomInfo Technologies from $17.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, August 6th. Bank of America lowered shares of ZoomInfo Technologies from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Wells Fargo & Company decreased their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada dropped their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an "underperform" rating for the company in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.72.

ZoomInfo Technologies Stock Up 2.5 %

ZI traded up $0.26 on Friday, reaching $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 debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The business's 50 day moving average is $10.55 and its 200 day moving average is $11.14. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 345.78, a price-to-earnings-growth ratio of 5.64 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.

Insider Buying and Selling

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of the company's stock in a transaction on Friday, November 15th. The shares were purchased 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 owns 12,280,501 shares in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is owned by company 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.