Oppenheimer Asset Management Inc. decreased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,474 shares of the company’s stock after selling 26,566 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ZoomInfo Technologies were worth $1,812,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Qsemble Capital Management LP acquired a new position in shares of ZoomInfo Technologies in the third quarter worth about $362,000. Quantbot Technologies LP acquired a new position in shares of ZoomInfo Technologies in the third quarter worth about $1,256,000. Metis Global Partners LLC boosted its holdings in shares of ZoomInfo Technologies by 42.5% in the third quarter. Metis Global Partners LLC now owns 16,739 shares of the company’s stock worth $275,000 after buying an additional 4,992 shares during the period. Jump Financial LLC boosted its holdings in shares of ZoomInfo Technologies by 155.2% in the third quarter. Jump Financial LLC now owns 68,047 shares of the company’s stock worth $1,116,000 after buying an additional 41,378 shares during the period. Finally, abrdn plc boosted its holdings in shares of ZoomInfo Technologies by 8.7% in the third quarter. abrdn plc now owns 864,526 shares of the company’s stock worth $14,178,000 after buying an additional 68,890 shares during the period. Institutional investors and hedge funds own 89.59% of the company’s stock.
Analysts Set New Price Targets
ZI has been the subject of several research reports. The Goldman Sachs Group cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $17.00 in a report on Wednesday, November 1st. Mizuho decreased their price target on shares of ZoomInfo Technologies from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Raymond James decreased their price target on shares of ZoomInfo Technologies from $26.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Morgan Stanley lowered shares of ZoomInfo Technologies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $24.00 to $20.00 in a research report on Thursday, February 1st. Finally, Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.20.
ZoomInfo Technologies Stock Down 0.1 %
ZI opened at $15.36 on Wednesday. ZoomInfo Technologies Inc. has a fifty-two week low of $12.36 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49. The firm’s fifty day moving average price is $16.54 and its two-hundred day moving average price is $16.79. The company has a market capitalization of $5.99 billion, a P/E ratio of 45.18, a P/E/G ratio of 3.40 and a beta of 1.17.
Insiders Place Their Bets
In other news, CTO Ali Dasdan sold 5,007 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $14.69, for a total value of $73,552.83. Following the sale, the chief technology officer now owns 50,953 shares in the company, valued at approximately $748,499.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.
ZoomInfo Technologies Company Profile
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.
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