Raymond James & Associates Boosts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Raymond James & Associates boosted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,304 shares of the company’s stock after buying an additional 44,460 shares during the quarter. Raymond James & Associates’ holdings in ZoomInfo Technologies were worth $4,435,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in ZoomInfo Technologies by 3.5% in the third quarter. IFP Advisors Inc now owns 13,805 shares of the company’s stock valued at $471,000 after acquiring an additional 469 shares in the last quarter. Toroso Investments LLC boosted its stake in ZoomInfo Technologies by 5.7% in the third quarter. Toroso Investments LLC now owns 9,171 shares of the company’s stock valued at $382,000 after acquiring an additional 496 shares in the last quarter. Echo Street Capital Management LLC boosted its stake in ZoomInfo Technologies by 5.8% in the third quarter. Echo Street Capital Management LLC now owns 9,946 shares of the company’s stock valued at $414,000 after acquiring an additional 549 shares in the last quarter. Parallel Advisors LLC boosted its stake in ZoomInfo Technologies by 84.5% in the fourth quarter. Parallel Advisors LLC now owns 1,199 shares of the company’s stock valued at $36,000 after acquiring an additional 549 shares in the last quarter. Finally, KBC Group NV boosted its stake in ZoomInfo Technologies by 2.7% in the third quarter. KBC Group NV now owns 21,086 shares of the company’s stock valued at $878,000 after acquiring an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 84.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ZI shares. Mizuho decreased their target price on shares of ZoomInfo Technologies from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, February 7th. Piper Sandler decreased their target price on shares of ZoomInfo Technologies from $32.00 to $30.00 in a research note on Tuesday, May 2nd. Wolfe Research reiterated an “outperform” rating and set a $30.00 target price (down previously from $37.00) on shares of ZoomInfo Technologies in a research note on Tuesday, February 7th. Raymond James decreased their target price on shares of ZoomInfo Technologies from $33.00 to $28.00 in a research note on Tuesday, May 2nd. Finally, DA Davidson raised their price objective on shares of ZoomInfo Technologies from $30.00 to $40.00 in a research report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Moderate Buy” and an average price target of $34.70.

ZoomInfo Technologies Trading Down 2.0 %

Shares of ZI opened at $24.74 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a 50 day simple moving average of $22.60 and a 200-day simple moving average of $25.72. ZoomInfo Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $51.86. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 98.96, a price-to-earnings-growth ratio of 2.67 and a beta of 0.95.

Insider Transactions at ZoomInfo Technologies

In other news, CFO Peter Cameron Hyzer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $22.09, for a total transaction of $220,900.00. Following the completion of the transaction, the chief financial officer now directly owns 1,177,455 shares of the company’s stock, valued at approximately $26,009,980.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Company Profile

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ZoomInfo Technologies Inc, through 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.