Mutual of America Capital Management LLC Sells 6,747 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Mutual of America Capital Management LLC reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 155,959 shares of the company’s stock after selling 6,747 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ZoomInfo Technologies were worth $1,609,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies during the third quarter valued at approximately $31,000. J.Safra Asset Management Corp lifted its stake in shares of ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at $37,000. GAMMA Investing LLC boosted its holdings in 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 period. Finally, Advisors Asset Management Inc. increased its stake in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after buying an additional 1,547 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZI has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.72.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.86 on Tuesday. The company has a market cap of $3.73 billion, a P/E ratio of 362.12, a P/E/G ratio of 13.88 and a beta of 1.03. The business’s 50 day moving average price is $10.56 and its 200-day moving average price is $11.05. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 8.20% of the company’s stock.

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.