State Street Corp Has $89.03 Million Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

State Street Corp lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,626,463 shares of the company’s stock after purchasing an additional 165,440 shares during the period. State Street Corp owned about 2.36% of ZoomInfo Technologies worth $89,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ZI. Quantinno Capital Management LP grew its holdings in ZoomInfo Technologies by 1,035.9% during the 3rd quarter. Quantinno Capital Management LP now owns 161,168 shares of the company’s stock worth $1,663,000 after acquiring an additional 146,979 shares during the last quarter. Readystate Asset Management LP lifted its holdings in shares of ZoomInfo Technologies by 64.4% during the third quarter. Readystate Asset Management LP now owns 1,095,810 shares of the company’s stock worth $11,309,000 after purchasing an additional 429,235 shares during the period. Janus Henderson Group PLC grew its stake in shares of ZoomInfo Technologies by 24.3% in the third quarter. Janus Henderson Group PLC now owns 289,092 shares of the company’s stock worth $2,984,000 after purchasing an additional 56,473 shares during the last quarter. Harber Asset Management LLC increased its holdings in ZoomInfo Technologies by 79.0% in the third quarter. Harber Asset Management LLC now owns 1,437,847 shares of the company’s stock valued at $14,839,000 after purchasing an additional 634,551 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in ZoomInfo Technologies during the 3rd quarter worth $6,293,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.89 on Tuesday. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The firm has a market capitalization of $3.74 billion, a PE ratio of 363.12, a price-to-earnings-growth ratio of 13.58 and a beta of 1.02. The firm has a fifty day simple moving average of $10.77 and a two-hundred day simple moving average of $10.83. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler upped their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Barclays upped their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Finally, Citigroup lifted their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.77.

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 492,500 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price 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 directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

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.