Principal Street Partners LLC lessened its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 50.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 970,347 shares of the company's stock after selling 982,838 shares during the quarter. ZoomInfo Technologies comprises 1.6% of Principal Street Partners LLC's investment portfolio, making the stock its 9th biggest holding. Principal Street Partners LLC owned about 0.27% of ZoomInfo Technologies worth $10,014,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in ZI. Boston Partners purchased a new position in shares of ZoomInfo Technologies in the 1st quarter valued at approximately $613,000. Janus Henderson Group PLC increased its stake in shares of ZoomInfo Technologies by 7.1% during the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company's stock worth $4,140,000 after acquiring an additional 17,193 shares during the period. M&G Plc purchased a new position in shares of ZoomInfo Technologies during the 2nd quarter worth approximately $9,534,000. Tidal Investments LLC acquired a new stake in shares of ZoomInfo Technologies in the 1st quarter valued at approximately $2,113,000. Finally, Versor Investments LP purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $516,000. Institutional investors and hedge funds own 95.47% of the company's stock.
ZoomInfo Technologies Stock Performance
Shares of ZoomInfo Technologies stock traded up $0.03 on Tuesday, reaching $10.89. The stock had a trading volume of 6,236,311 shares, compared to its average volume of 7,147,225. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The business's 50-day moving average price is $10.56 and its two-hundred day moving average price is $11.04. The stock has a market cap of $3.74 billion, a P/E ratio of 363.12, a price-to-earnings-growth ratio of 13.88 and a beta of 1.03. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39.
Analysts Set New Price Targets
ZI has been the topic of a number of research reports. DA Davidson cut shares of ZoomInfo Technologies from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Raymond James downgraded ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 6th. Daiwa Capital Markets cut ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Stifel Nicolaus reduced their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Finally, Piper Sandler increased their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average target price of $12.72.
Check Out Our Latest Stock Report on ZI
Insider Buying and Selling at ZoomInfo Technologies
In related news, CEO Henry Schuck bought 492,500 shares of the company's stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company's stock.
ZoomInfo Technologies Profile
(
Free Report)
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.
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