Victory Capital Management Inc. Buys 74,455 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Victory Capital Management Inc. boosted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 83.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,708 shares of the company’s stock after purchasing an additional 74,455 shares during the period. Victory Capital Management Inc.’s holdings in ZoomInfo Technologies were worth $1,689,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. J.Safra Asset Management Corp grew its stake in shares of ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after acquiring an additional 2,388 shares during the period. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies in the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $37,000. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after buying an additional 2,134 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after buying an additional 1,547 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $10.86 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $3.73 billion, a P/E ratio of 362.12, a price-to-earnings-growth ratio of 13.88 and a beta of 1.03. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $19.39. The company’s 50-day moving average is $10.56 and its 200 day moving average is $11.05.

Wall Street Analysts Forecast Growth

ZI has been the subject of several research analyst reports. Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Bank of America downgraded shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Truist Financial dropped their target price on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Citigroup raised their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.72.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the purchase, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.20% of the stock is owned by company insiders.

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.