Henry Schuck Buys 492,500 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Henry Schuck bought 492,500 shares of the stock in a transaction dated Friday, November 15th. The stock was bought 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website.

ZoomInfo Technologies Trading Up 7.3 %

ZI opened at $10.62 on Thursday. The firm has a market capitalization of $3.88 billion, a P/E ratio of 354.12, a P/E/G ratio of 5.89 and a beta of 1.03. The firm’s 50 day moving average is $10.55 and its 200-day moving average is $11.15. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in shares of ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after acquiring an additional 6,611,160 shares during the period. Marshall Wace LLP bought a new stake in shares of ZoomInfo Technologies during the second quarter valued at about $73,435,000. Maverick Capital Ltd. bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at about $44,248,000. Finally, Delta Global Management LP raised its stake in shares of ZoomInfo Technologies by 280.1% during the first quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock valued at $41,576,000 after purchasing an additional 1,911,221 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ZI has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Citigroup upped their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. Bank of America cut shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and lowered their target price for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.72.

About ZoomInfo Technologies

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.