SG Americas Securities LLC Cuts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

SG Americas Securities LLC lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,190 shares of the company’s stock after selling 7,798 shares during the period. SG Americas Securities LLC’s holdings in ZoomInfo Technologies were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Raleigh Capital Management Inc. acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies in the third quarter valued at about $37,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 2,134 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after acquiring an additional 4,735 shares during the period. Finally, KBC Group NV boosted its holdings in shares of ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZI has been the subject of a number of analyst reports. Mizuho boosted 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. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 price objective (down previously from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Piper Sandler reiterated an “underweight” rating and issued a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price objective for the company. Finally, Citigroup upped their price objective 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. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.52.

Insider Transactions at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $10.18 on Tuesday. The business’s 50-day moving average price is $10.49 and its 200 day moving average price is $10.38. The firm has a market cap of $3.50 billion, a P/E ratio of 339.45, a P/E/G ratio of 13.44 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 52-week low of $7.65 and a 52-week high of $18.69.

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.