Public Employees Retirement System of Ohio Has $1.19 Million Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Public Employees Retirement System of Ohio reduced its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,787 shares of the company’s stock after selling 5,359 shares during the period. Public Employees Retirement System of Ohio’s holdings in ZoomInfo Technologies were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZoomInfo Technologies during the third quarter valued at $37,000. GAMMA Investing LLC grew its stake in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares in the last quarter. KBC Group NV raised its stake in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Wedmont Private Capital purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth about $110,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler boosted their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Citigroup increased their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. Finally, Scotiabank initiated coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target for the company. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.77.

Insiders Place Their Bets

In related news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Stock Down 0.9 %

ZI stock opened at $10.48 on Friday. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.60 billion, a PE ratio of 349.45, a price-to-earnings-growth ratio of 13.58 and a beta of 1.02. The business’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $10.82.

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.