Everence Capital Management Inc. Invests $163,000 in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Everence Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,530 shares of the company’s stock, valued at approximately $163,000.

A number of other hedge funds also recently bought and sold shares of ZI. GAMMA Investing LLC lifted its stake in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after acquiring an additional 1,160 shares during the last quarter. State of Alaska Department of Revenue lifted its position in ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after purchasing an additional 2,275 shares during the last quarter. KBC Group NV boosted its stake in shares of ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the third quarter worth approximately $31,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of ZoomInfo Technologies by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 275,505 shares of the company’s stock worth $3,518,000 after buying an additional 3,023 shares during the period. Institutional investors own 95.47% of the company’s stock.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 492,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the transaction, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ZI. Citigroup lifted their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday. Piper Sandler reiterated an “underweight” rating and set a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Finally, Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four 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 an average target price of $12.57.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $9.61 on Friday. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $18.69. The company has a market capitalization of $3.30 billion, a PE ratio of 320.44, a P/E/G ratio of 13.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $10.64.

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.