Mutual of America Capital Management LLC Lowers Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Mutual of America Capital Management LLC reduced its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,959 shares of the company’s stock after selling 6,747 shares during the period. Mutual of America Capital Management LLC’s holdings in ZoomInfo Technologies were worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ZI. Pacer Advisors Inc. lifted its position in ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after purchasing an additional 6,611,160 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ZoomInfo Technologies during the 2nd quarter worth $73,435,000. Bank of New York Mellon Corp lifted its holdings in shares of ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after acquiring an additional 223,669 shares during the last quarter. Dimensional Fund Advisors LP grew its position in ZoomInfo Technologies by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after acquiring an additional 548,094 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in ZoomInfo Technologies by 152.8% in the second quarter. Primecap Management Co. CA now owns 1,298,269 shares of the company’s stock valued at $16,579,000 after acquiring an additional 784,700 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Raymond James cut shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Mizuho increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Stifel Nicolaus cut their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Barclays decreased their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.72.

ZoomInfo Technologies Trading Up 2.2 %

ZoomInfo Technologies stock opened at $10.86 on Tuesday. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 362.12, a price-to-earnings-growth ratio of 13.88 and a beta of 1.03. The business’s fifty day simple moving average is $10.56 and its two-hundred day simple moving average is $11.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.20% of the stock is owned by insiders.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with 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.