KBC Group NV Increases Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

KBC Group NV grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,393 shares of the company’s stock after buying an additional 2,635 shares during the period. KBC Group NV’s holdings in ZoomInfo Technologies were worth $97,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZI. Boston Partners purchased a new stake in ZoomInfo Technologies in the first quarter worth approximately $613,000. Janus Henderson Group PLC boosted its stake in shares of ZoomInfo Technologies by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after purchasing an additional 17,193 shares in the last quarter. M&G Plc purchased a new position in ZoomInfo Technologies in the 2nd quarter worth $9,534,000. Tidal Investments LLC bought a new stake in ZoomInfo Technologies in the first quarter worth $2,113,000. Finally, Versor Investments LP bought a new position in shares of ZoomInfo Technologies during the third quarter valued at about $516,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.63 on Friday. 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 business’s fifty day moving average is $10.55 and its 200 day moving average is $11.10. The company has a market capitalization of $3.88 billion, a PE ratio of 354.45, a price-to-earnings-growth ratio of 5.64 and a beta of 1.03. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck acquired 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The shares were purchased at an average price 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZI. Deutsche Bank Aktiengesellschaft lowered their price target on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Scotiabank began coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Daiwa America downgraded ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $9.00 in a research note on Tuesday, August 13th. Four investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus 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.