Readystate Asset Management LP lifted its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 64.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,095,810 shares of the company's stock after acquiring an additional 429,235 shares during the period. Readystate Asset Management LP owned approximately 0.30% of ZoomInfo Technologies worth $11,309,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock worth $341,111,000 after buying an additional 7,177,687 shares during the period. Pacer Advisors Inc. raised its holdings in ZoomInfo Technologies by 8,471.7% during the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock worth $85,421,000 after buying an additional 6,611,160 shares during the period. Marshall Wace LLP acquired a new stake in ZoomInfo Technologies during the 2nd quarter worth approximately $73,435,000. Maverick Capital Ltd. acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $44,248,000. Finally, Primecap Management Co. CA raised its holdings in ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock worth $26,475,000 after buying an additional 1,267,171 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at ZoomInfo Technologies
In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the transaction, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.10% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Mizuho raised their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective for the company. Piper Sandler increased their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, Daiwa Capital Markets cut shares of ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Four investment 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, ZoomInfo Technologies has a consensus rating of "Hold" and an average price target of $12.72.
Check Out Our Latest Analysis on ZI
ZoomInfo Technologies Stock Down 1.2 %
NASDAQ:ZI traded down $0.13 during trading hours on Thursday, hitting $11.07. 1,534,723 shares of the company traded hands, compared to its average volume of 7,105,473. 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 firm's 50-day simple moving average is $10.66 and its 200-day simple moving average is $10.96. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39. The company has a market cap of $3.80 billion, a PE ratio of 373.46, a PEG ratio of 14.37 and a beta of 1.02.
About ZoomInfo Technologies
(
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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