ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZIFree Report) by 6.4% during the third quarter, HoldingsChannel reports. The fund owned 274,793 shares of the company’s stock after selling 18,749 shares during the period. Barclays PLC’s holdings in ZoomInfo Technologies were worth $4,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisory Services Network LLC grew its holdings in ZoomInfo Technologies by 222.2% in the first quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Comerica Bank acquired a new stake in ZoomInfo Technologies in the second quarter valued at $42,000. UniSuper Management Pty Ltd acquired a new stake in ZoomInfo Technologies in the second quarter valued at $46,000. Acadian Asset Management LLC acquired a new stake in ZoomInfo Technologies in the second quarter valued at $49,000. Finally, CWM LLC grew its holdings in ZoomInfo Technologies by 347.7% in the second quarter. CWM LLC now owns 2,422 shares of the company’s stock valued at $61,000 after purchasing an additional 1,881 shares during the last quarter. Institutional investors and hedge funds own 89.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley lowered ZoomInfo Technologies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $24.00 to $20.00 in a research note on Thursday, February 1st. JPMorgan Chase & Co. decreased their price objective on ZoomInfo Technologies from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Raymond James decreased their price objective on ZoomInfo Technologies from $26.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Piper Sandler increased their price objective on ZoomInfo Technologies from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Truist Financial decreased their price objective on ZoomInfo Technologies from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.84.

Check Out Our Latest Analysis on ZI

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $15.39 on Friday. The stock’s 50-day moving average is $16.58 and its 200-day moving average is $16.64. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 3.32 and a beta of 1.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49. ZoomInfo Technologies Inc. has a 12 month low of $12.36 and a 12 month high of $30.16.

Insider Transactions at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 5,007 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $14.69, for a total value of $73,552.83. Following the transaction, the chief technology officer now directly owns 50,953 shares in the company, valued at approximately $748,499.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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