Quantinno Capital Management LP Acquires 146,979 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Quantinno Capital Management LP grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 1,035.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,168 shares of the company's stock after buying an additional 146,979 shares during the period. Quantinno Capital Management LP's holdings in ZoomInfo Technologies were worth $1,663,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ZI. J.Safra Asset Management Corp grew its stake in ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock valued at $34,000 after buying an additional 2,388 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies during the third quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $37,000. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock worth $41,000 after purchasing an additional 2,134 shares during the period. Finally, KBC Group NV lifted its position in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company's stock worth $97,000 after purchasing an additional 2,635 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Randall Winn sold 290,541 shares of the firm'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 transaction of $3,213,383.46. Following the transaction, the director now directly owns 1,266,807 shares of the company's stock, valued at $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZI shares. Piper Sandler upped their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Barclays raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price target on the stock. Finally, Citigroup increased their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.77.

ZoomInfo Technologies Trading Down 1.5 %

Shares of ZoomInfo Technologies stock traded down $0.16 during trading hours on Thursday, hitting $10.61. The company's stock had a trading volume of 4,358,799 shares, compared to its average volume of 7,074,805. The company has a market capitalization of $3.64 billion, a PE ratio of 353.78, a price-to-earnings-growth ratio of 13.68 and a beta of 1.02. 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 stock has a 50 day moving average of $10.74 and a 200 day moving average of $10.88. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39.

ZoomInfo Technologies 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.