Gries Financial LLC Invests $147,000 in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Gries Financial LLC purchased a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 13,958 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors also recently bought and sold shares of the stock. Raleigh Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies during the third quarter worth about $37,000. Fifth Third Bancorp grew its holdings in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Insider Transactions at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $10.25 per share, with a total value of $5,048,125.00. Following 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 position. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZI shares. Piper Sandler restated an “underweight” rating and issued a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. 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. Scotiabank started coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective on the stock. Finally, Barclays decreased their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $12.52.

ZoomInfo Technologies Stock Up 1.6 %

Shares of ZI stock opened at $10.47 on Friday. The company has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.41. The stock has a market cap of $3.60 billion, a P/E ratio of 349.12, a P/E/G ratio of 13.47 and a beta of 1.01. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $18.69. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.