Cerity Partners LLC Sells 16,189 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cerity Partners LLC decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 11.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 122,906 shares of the company’s stock after selling 16,189 shares during the period. Cerity Partners LLC’s holdings in ZoomInfo Technologies were worth $1,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies during the third quarter valued at $31,000. J.Safra Asset Management Corp lifted its position in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after buying an additional 2,388 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at about $37,000. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of ZoomInfo Technologies during the first quarter worth $85,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Bank of America cut shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Stifel Nicolaus decreased their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Piper Sandler raised their price target on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.72.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the transaction, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.20% of the stock is owned by company insiders.

ZoomInfo Technologies Stock Down 3.2 %

Shares of ZI stock opened at $11.00 on Wednesday. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 366.79, a PEG ratio of 14.84 and a beta of 1.02. The firm’s 50-day moving average is $10.63 and its 200-day moving average is $10.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

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.