Henry Schuck Acquires 492,500 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Henry Schuck purchased 492,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ZoomInfo Technologies Stock Performance

ZI stock opened at $10.37 on Friday. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $19.39. The business has a 50-day moving average price of $10.55 and a 200 day moving average price of $11.14. The company has a market capitalization of $3.79 billion, a P/E ratio of 345.78, a PEG ratio of 5.64 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. SkyView Investment Advisors LLC bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at $129,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of ZoomInfo Technologies by 11.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company’s stock worth $1,703,000 after purchasing an additional 17,060 shares during the last quarter. Neo Ivy Capital Management bought a new stake in ZoomInfo Technologies during the third quarter valued at about $720,000. M&T Bank Corp grew its stake in ZoomInfo Technologies by 30.2% in the third quarter. M&T Bank Corp now owns 16,152 shares of the company’s stock valued at $167,000 after purchasing an additional 3,746 shares during the last quarter. Finally, Barclays PLC raised its holdings in ZoomInfo Technologies by 154.7% in the third quarter. Barclays PLC now owns 342,495 shares of the company’s stock worth $3,534,000 after purchasing an additional 208,015 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Scotiabank began coverage on shares of ZoomInfo Technologies in a research report on Monday. They issued a “sector perform” rating and a $10.30 price target on the stock. Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Barclays reduced their target price 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, Daiwa Capital Markets downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.72.

About ZoomInfo Technologies

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.