ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Buys $5,048,125.00 in Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Henry Schuck acquired 492,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded up $0.20 during trading hours on Tuesday, hitting $9.91. 5,396,369 shares of the company’s stock were exchanged, compared to its average volume of 6,989,531. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $19.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 323.77, a PEG ratio of 6.20 and a beta of 1.03. The company’s 50-day moving average price is $10.53 and its 200-day moving average price is $11.20.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in ZoomInfo Technologies by 31.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock worth $520,000 after acquiring an additional 7,779 shares during the last quarter. Covestor Ltd grew its position in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in ZoomInfo Technologies by 14.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 515,200 shares of the company’s stock worth $8,260,000 after acquiring an additional 66,025 shares during the last quarter. Shell Asset Management Co. acquired a new position in ZoomInfo Technologies during the 1st quarter worth $201,000. Finally, Delta Global Management LP lifted its holdings in ZoomInfo Technologies by 280.1% during the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after buying an additional 1,911,221 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZI. Truist Financial reduced their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Barclays lowered their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Royal Bank of Canada cut their price target on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Finally, Stifel Nicolaus cut their price target on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. 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 stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $12.72.

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.