Daiwa Securities Group Inc. Has $188,000 Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Daiwa Securities Group Inc. trimmed its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 46.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,282 shares of the company’s stock after selling 15,981 shares during the period. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $188,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ZI. Pacer Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after purchasing an additional 2,585,631 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of ZoomInfo Technologies during the second quarter worth $73,435,000. Bank of New York Mellon Corp lifted its stake in shares of ZoomInfo Technologies by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock valued at $42,005,000 after acquiring an additional 223,669 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ZoomInfo Technologies by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after acquiring an additional 548,094 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after acquiring an additional 1,267,171 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZI has been the subject of several research reports. Scotiabank assumed coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price for the company. Wells Fargo & Company cut their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. KeyCorp cut shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Barclays cut their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Finally, Raymond James downgraded ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Four 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 company’s stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $12.72.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.94 on Monday. The company has a market cap of $3.76 billion, a P/E ratio of 364.67, a PEG ratio of 14.29 and a beta of 1.03. The company has a fifty day simple moving average of $10.60 and a 200 day simple moving average of $10.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, with a total value 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 approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.10% of the company’s stock.

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.