Charles Schwab Investment Management Inc. Buys 29,733 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Charles Schwab Investment Management Inc. increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,194,016 shares of the company’s stock after buying an additional 29,733 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ZoomInfo Technologies were worth $22,642,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ZI. J.Safra Asset Management Corp increased its holdings in shares of ZoomInfo Technologies by 955.2% in the second 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 period. Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies in the 3rd quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at about $37,000. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of ZoomInfo Technologies in the 1st quarter worth about $85,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZI shares. Scotiabank started coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Mizuho boosted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler lifted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Four 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, the company presently has a consensus rating of “Hold” and an average target price of $12.72.

Insider Activity

In related news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were acquired 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 directly owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Stock Down 2.1 %

NASDAQ ZI opened at $10.97 on Friday. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.77 billion, a PE ratio of 365.67, a P/E/G ratio of 14.37 and a beta of 1.02. The stock’s 50 day moving average is $10.67 and its 200 day moving average is $10.96.

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.