Daiwa Securities Group Inc. boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,277 shares of the company’s stock after buying an additional 803 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of ZoomInfo Technologies during the third quarter worth $26,000. Parallel Advisors LLC lifted its position in shares of ZoomInfo Technologies by 84.5% during the fourth quarter. Parallel Advisors LLC now owns 1,199 shares of the company’s stock worth $36,000 after purchasing an additional 549 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of ZoomInfo Technologies during the third quarter worth $38,000. CWM LLC lifted its position in shares of ZoomInfo Technologies by 261.5% during the third quarter. CWM LLC now owns 1,193 shares of the company’s stock worth $50,000 after purchasing an additional 863 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in shares of ZoomInfo Technologies during the third quarter worth $60,000. 84.96% of the stock is owned by hedge funds and other institutional investors.
ZoomInfo Technologies Price Performance
Shares of ZI stock opened at $21.45 on Thursday. ZoomInfo Technologies Inc. has a fifty-two week low of $20.72 and a fifty-two week high of $54.43. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 134.06, a PEG ratio of 2.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50-day simple moving average is $23.17 and its 200-day simple moving average is $27.78.
Insider Activity at ZoomInfo Technologies
In related news, CEO Henry Schuck sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $28.28, for a total value of $28,280,000.00. Following the sale, the chief executive officer now owns 12,288,001 shares in the company, valued at $347,504,668.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.70% of the stock is owned by insiders.
Analysts Set New Price Targets
Several analysts have recently weighed in on ZI shares. Piper Sandler decreased their target price on ZoomInfo Technologies from $32.00 to $30.00 in a research report on Tuesday. Barclays decreased their price objective on ZoomInfo Technologies from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, February 7th. Mizuho decreased their price objective on ZoomInfo Technologies from $45.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, February 7th. DA Davidson began coverage on ZoomInfo Technologies in a report on Wednesday. They issued a “buy” rating for the company. Finally, Canaccord Genuity Group decreased their price objective on ZoomInfo Technologies from $43.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, February 7th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.42.
About ZoomInfo Technologies
ZoomInfo Technologies Inc, through 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.
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