Maverick Capital Ltd. Invests $44.25 Million in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,287,641 shares of the company’s stock, valued at approximately $44,248,000.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its stake in ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the period. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies in the 3rd quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies in the 3rd quarter valued at $37,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 2,134 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Henry Schuck bought 492,500 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their target price for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Wells Fargo & Company cut their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Daiwa America downgraded ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. 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 data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $12.72.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $10.94 on Friday. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39. The business has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $11.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.76 billion, a PE ratio of 364.79, a PEG ratio of 14.37 and a beta of 1.03.

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.