Stifel Financial Corp Lowers Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Stifel Financial Corp cut its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 71.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,426 shares of the company's stock after selling 75,323 shares during the quarter. Stifel Financial Corp's holdings in ZoomInfo Technologies were worth $304,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ZI. Quantinno Capital Management LP raised its position in shares of ZoomInfo Technologies by 1,035.9% during the third quarter. Quantinno Capital Management LP now owns 161,168 shares of the company's stock worth $1,663,000 after purchasing an additional 146,979 shares during the period. Readystate Asset Management LP grew its position in ZoomInfo Technologies by 64.4% in the 3rd quarter. Readystate Asset Management LP now owns 1,095,810 shares of the company's stock valued at $11,309,000 after purchasing an additional 429,235 shares during the period. Janus Henderson Group PLC increased its stake in ZoomInfo Technologies by 24.3% during the 3rd quarter. Janus Henderson Group PLC now owns 289,092 shares of the company's stock valued at $2,984,000 after purchasing an additional 56,473 shares in the last quarter. Harber Asset Management LLC raised its holdings in ZoomInfo Technologies by 79.0% during the third quarter. Harber Asset Management LLC now owns 1,437,847 shares of the company's stock worth $14,839,000 after buying an additional 634,551 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of ZoomInfo Technologies in the third quarter valued at $6,293,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Down 3.6 %

ZI traded down $0.40 during midday trading on Friday, reaching $10.66. 10,065,022 shares of the company's stock traded hands, compared to its average volume of 7,064,431. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $18.98. 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 firm has a fifty day moving average of $10.90 and a two-hundred day moving average of $10.73. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 355.45, a P/E/G ratio of 13.58 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZI. Citigroup lifted their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a "sell" rating in a report on Thursday, November 14th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective for the company. Barclays lifted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Mizuho increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, Piper Sandler lifted their target price on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.77.

Insiders Place Their Bets

In other news, CEO Henry Schuck bought 492,500 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the company's stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company's stock.

ZoomInfo Technologies Company 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.