Cynosure Group LLC Has $858,000 Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cynosure Group LLC reduced its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 58.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,103 shares of the company's stock after selling 114,656 shares during the period. Cynosure Group LLC's holdings in ZoomInfo Technologies were worth $858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZI. Advisors Asset Management Inc. lifted its position in ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company's stock worth $80,000 after buying an additional 1,547 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 during the period. State of Alaska Department of Revenue increased its position in ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company's stock worth $353,000 after purchasing an additional 2,275 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of 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 acquiring an additional 2,388 shares in the last quarter. Finally, KBC Group NV boosted its position in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company's stock worth $97,000 after buying an additional 2,635 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded up $0.01 during mid-day trading on Wednesday, reaching $10.90. The company's stock had a trading volume of 1,913,444 shares, compared to its average volume of 7,123,875. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $10.56 and a 200-day moving average price of $11.04. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 363.12, a PEG ratio of 14.19 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Piper Sandler raised their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Stifel Nicolaus decreased their price objective on 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 cut ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Four 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.72.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CEO Henry Schuck purchased 492,500 shares of the firm's 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 owns 12,280,501 shares in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.20% of the stock is owned by corporate insiders.

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.