Y Intercept Hong Kong Ltd Decreases Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Y Intercept Hong Kong Ltd lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 85.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,747 shares of the company's stock after selling 80,755 shares during the period. Y Intercept Hong Kong Ltd's holdings in ZoomInfo Technologies were worth $142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock valued at $41,000 after buying an additional 2,134 shares in the last quarter. State of Alaska Department of Revenue lifted its position in ZoomInfo Technologies by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company's stock valued at $353,000 after acquiring an additional 2,275 shares in the last quarter. KBC Group NV boosted its stake in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company's stock valued at $97,000 after purchasing an additional 2,635 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies in the third quarter worth approximately $31,000. Finally, Envestnet Asset Management Inc. raised its position in ZoomInfo Technologies by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 275,505 shares of the company's stock valued at $3,518,000 after buying an additional 3,023 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Insider Activity

In other news, 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 value of $3,213,383.46. Following the completion of the transaction, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Insiders own 8.20% of the company's stock.

ZoomInfo Technologies Trading Up 3.0 %

NASDAQ:ZI traded up $0.31 during mid-day trading on Friday, reaching $10.79. 13,932,025 shares of the company's stock traded hands, compared to its average volume of 7,086,463. The company has a 50 day moving average price of $10.85 and a 200-day moving average price of $10.81. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 359.79, a PEG ratio of 13.58 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. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZI shares. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Barclays upped their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Mizuho boosted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Finally, Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective on the stock. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.77.

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.