Victory Capital Management Inc. Acquires 74,455 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Victory Capital Management Inc. increased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 83.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 163,708 shares of the company's stock after acquiring an additional 74,455 shares during the quarter. Victory Capital Management Inc.'s holdings in ZoomInfo Technologies were worth $1,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZI. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies in the third quarter valued at $31,000. J.Safra Asset Management Corp grew its holdings in ZoomInfo Technologies by 955.2% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at about $37,000. GAMMA Investing LLC lifted its holdings 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 buying an additional 2,134 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company's stock valued at $80,000 after acquiring an additional 1,547 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Henry Schuck acquired 492,500 shares of the firm's stock in a transaction on Friday, November 15th. The shares were purchased at an average price 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 of the company's stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZI shares. Stifel Nicolaus decreased their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a report 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. Deutsche Bank Aktiengesellschaft reduced their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, August 6th. Mizuho raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Finally, Piper Sandler boosted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and an average price target of $12.72.

ZoomInfo Technologies Trading Up 0.2 %

Shares of ZI traded up $0.03 during trading hours on Tuesday, hitting $10.89. The company had a trading volume of 6,236,311 shares, compared to its average volume of 7,147,225. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. 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 stock's 50 day moving average price is $10.56 and its 200 day moving average price is $11.04. The firm has a market cap of $3.74 billion, a P/E ratio of 363.12, a P/E/G ratio of 13.88 and a beta of 1.03.

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.