HighTower Advisors LLC Has $18.83 Million Stake in ZoomInfo Technologies Inc. (NASDAQ:ZI)

HighTower Advisors LLC lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZIFree Report) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,149,227 shares of the company’s stock after selling 150,627 shares during the period. HighTower Advisors LLC owned 0.29% of ZoomInfo Technologies worth $18,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ZI. Vanguard Personalized Indexing Management LLC lifted its holdings in ZoomInfo Technologies by 14.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,378 shares of the company’s stock worth $318,000 after buying an additional 2,488 shares in the last quarter. KCM Investment Advisors LLC acquired a new position in ZoomInfo Technologies during the 3rd quarter worth $184,000. Charles Schwab Investment Management Inc. lifted its holdings in ZoomInfo Technologies by 99.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,989,440 shares of the company’s stock worth $32,627,000 after buying an additional 990,077 shares in the last quarter. Sowell Financial Services LLC acquired a new position in ZoomInfo Technologies during the 3rd quarter worth $211,000. Finally, Banque Cantonale Vaudoise lifted its holdings in ZoomInfo Technologies by 47.4% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,515 shares of the company’s stock worth $123,000 after buying an additional 2,415 shares in the last quarter. 89.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on ZI shares. Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $20.00 to $25.00 in a research report on Monday, January 29th. Piper Sandler upped their target price 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. Royal Bank of Canada cut shares of ZoomInfo Technologies from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $16.00 to $14.00 in a research report on Monday, January 8th. Barclays cut shares of ZoomInfo Technologies from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective for the company. in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ZoomInfo Technologies from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Moderate Buy” and an average target price of $20.84.

Get Our Latest Stock Analysis on ZI

ZoomInfo Technologies Stock Up 1.9 %

Shares of ZI opened at $15.39 on Monday. ZoomInfo Technologies Inc. has a 12 month low of $12.36 and a 12 month high of $30.16. The firm’s 50 day moving average is $16.58 and its 200-day moving average is $16.57. The stock has a market capitalization of $6.00 billion, a PE ratio of 45.26, a P/E/G ratio of 3.38 and a beta of 1.17. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Insider Transactions at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 5,007 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $14.69, for a total transaction of $73,552.83. Following the transaction, the chief technology officer now directly owns 50,953 shares of the company’s stock, valued at $748,499.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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