Circumference Group LLC Reduces Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Circumference Group LLC lessened its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1.4% during the 3rd quarter, Holdings Channel reports. The fund owned 365,000 shares of the company’s stock after selling 5,000 shares during the quarter. ZoomInfo Technologies comprises 3.9% of Circumference Group LLC’s portfolio, making the stock its 11th largest holding. Circumference Group LLC’s holdings in ZoomInfo Technologies were worth $3,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ZI. Raleigh Capital Management Inc. acquired a new stake in ZoomInfo Technologies during the third quarter worth $31,000. J.Safra Asset Management Corp increased its position 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 worth $34,000 after purchasing an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies in the 3rd quarter valued at about $37,000. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 114.9% in the third 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 last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in ZoomInfo Technologies in the first quarter valued at about $85,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased 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 approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Barclays decreased their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note 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. Piper Sandler increased their target price on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus dropped their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus price target of $12.72.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $10.94 on Monday. 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 1-year low of $7.65 and a 1-year high of $19.39. The stock has a market cap of $3.76 billion, a PE ratio of 364.79, a price-to-earnings-growth ratio of 14.29 and a beta of 1.02. The firm has a fifty day moving average price of $10.60 and a 200 day moving average price of $10.99.

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.