Bank of New York Mellon Corp lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,494,240 shares of the company’s stock after acquiring an additional 91,389 shares during the quarter. Bank of New York Mellon Corp owned 0.37% of ZoomInfo Technologies worth $62,250,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth about $26,000. Dupont Capital Management Corp acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $38,000. Private Trust Co. NA acquired a new position in shares of ZoomInfo Technologies during the 2nd quarter worth about $33,000. CWM LLC raised its position in shares of ZoomInfo Technologies by 261.5% during the 3rd quarter. CWM LLC now owns 1,193 shares of the company’s stock worth $50,000 after purchasing an additional 863 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $60,000. 84.96% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at ZoomInfo Technologies
In other news, CEO Henry Schuck sold 1,000,000 shares of ZoomInfo Technologies stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $28.28, for a total transaction of $28,280,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,288,001 shares of the company’s stock, valued at approximately $347,504,668.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.70% of the company’s stock.
ZoomInfo Technologies Price Performance
ZoomInfo Technologies stock opened at $23.49 on Thursday. The stock has a market cap of $9.50 billion, a P/E ratio of 146.82, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. The company has a fifty day simple moving average of $25.81 and a 200-day simple moving average of $32.06. ZoomInfo Technologies Inc. has a 12-month low of $20.72 and a 12-month high of $61.44. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of ZoomInfo Technologies from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 7th. Truist Financial downgraded shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $65.00 to $28.00 in a research report on Tuesday, January 10th. The Goldman Sachs Group reduced their price target on shares of ZoomInfo Technologies from $54.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Royal Bank of Canada reduced their price target on shares of ZoomInfo Technologies from $50.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, November 23rd. Finally, Bank of America downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $34.00 in a report on Wednesday, January 4th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.56.
About ZoomInfo Technologies
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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