FMR LLC lifted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 27.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,053,422 shares of the company's stock after purchasing an additional 7,177,687 shares during the period. FMR LLC owned about 9.05% of ZoomInfo Technologies worth $341,111,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Partners purchased a new position in ZoomInfo Technologies in the first quarter valued at about $613,000. Janus Henderson Group PLC grew its position in shares of ZoomInfo Technologies by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company's stock worth $4,140,000 after buying an additional 17,193 shares during the last quarter. M&G Plc bought a new position in shares of ZoomInfo Technologies during the 2nd quarter worth approximately $9,534,000. Versor Investments LP purchased a new stake in ZoomInfo Technologies during the third quarter valued at approximately $516,000. Finally, Victory Capital Management Inc. boosted its stake in ZoomInfo Technologies by 83.4% in the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock valued at $1,689,000 after acquiring an additional 74,455 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.
ZoomInfo Technologies Price Performance
Shares of ZI stock traded down $0.06 on Friday, reaching $10.94. 3,313,134 shares of the company were exchanged, compared to its average volume of 12,362,799. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 364.67, a P/E/G ratio of 14.29 and a beta of 1.03. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The business has a 50-day moving average price of $10.60 and a 200 day moving average price of $10.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.
Insider Activity at ZoomInfo Technologies
In other ZoomInfo Technologies news, CEO Henry Schuck acquired 492,500 shares of the business's stock in a transaction on 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 acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 8.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a "sector perform" rating and a $10.30 target price on the stock. Raymond James lowered shares of ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Finally, Truist Financial lowered their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $12.72.
Read Our Latest Report on ZI
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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