Nisa Investment Advisors LLC Purchases 4,735 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Nisa Investment Advisors LLC raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 343.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,115 shares of the company’s stock after purchasing an additional 4,735 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ZoomInfo Technologies were worth $64,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after acquiring an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after purchasing an additional 2,275 shares during the last quarter. KBC Group NV raised its stake in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $31,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $37,000. 95.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Henry Schuck acquired 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the transaction, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $10.29 on Friday. The business has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $10.41. The company has a market cap of $3.53 billion, a P/E ratio of 343.11, a P/E/G ratio of 13.47 and a beta of 1.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $18.69.

Analyst Ratings Changes

A number of analysts have commented on ZI shares. Mizuho increased their price target 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. Barclays cut their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Finally, Piper Sandler reissued an “underweight” rating and set a $10.00 target price (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $12.52.

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.