Daiwa Securities Group Inc. Sells 15,981 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Daiwa Securities Group Inc. lowered its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 46.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,282 shares of the company’s stock after selling 15,981 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ZoomInfo Technologies were worth $188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZI. Boston Partners bought a new position in shares of ZoomInfo Technologies during the 1st quarter worth about $613,000. Janus Henderson Group PLC raised its holdings in ZoomInfo Technologies by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after acquiring an additional 17,193 shares in the last quarter. M&G Plc bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter worth approximately $9,534,000. Versor Investments LP acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $516,000. Finally, Victory Capital Management Inc. increased its position in shares of ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after purchasing an additional 74,455 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZI. Mizuho upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. KeyCorp lowered ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Barclays dropped their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price on the stock. Finally, Citigroup increased their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $12.72.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $10.94 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The firm has a fifty day simple moving average of $10.60 and a 200 day simple moving average of $10.99. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 364.67, a PEG ratio of 14.29 and a beta of 1.03.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were purchased at an average price 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 approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.10% of the company’s stock.

About ZoomInfo Technologies

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.