ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 30.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,394 shares of the company’s stock after purchasing an additional 6,177 shares during the period. Summit Trail Advisors LLC’s holdings in ZoomInfo Technologies were worth $277,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after buying an additional 74,455 shares during the period. Versor Investments LP purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $516,000. State Street Corp boosted its position in shares of ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after acquiring an additional 165,440 shares during the last quarter. XTX Topco Ltd purchased a new stake in ZoomInfo Technologies in the third quarter valued at approximately $895,000. Finally, KBC Group NV increased its position in ZoomInfo Technologies by 2,644.4% during the fourth quarter. KBC Group NV now owns 257,781 shares of the company’s stock worth $2,709,000 after purchasing an additional 248,388 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZI has been the topic of a number of research analyst reports. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Piper Sandler reiterated an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Barclays lowered their price target on ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Mizuho raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.15.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.29 on Thursday. The company’s fifty day moving average price is $10.39 and its two-hundred day moving average price is $10.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $3.53 billion, a P/E ratio of 343.11, a P/E/G ratio of 13.57 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.

Insider Buying and Selling

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the transaction, the director now directly owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Henry Schuck bought 492,500 shares of the business’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 approximately $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.

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.