Blue Trust Inc. Purchases 20,644 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Blue Trust Inc. raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 10,586.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,839 shares of the company’s stock after buying an additional 20,644 shares during the period. Blue Trust Inc.’s holdings in ZoomInfo Technologies were worth $215,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth about $37,000. Fifth Third Bancorp boosted its stake in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after buying an additional 2,134 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after buying an additional 4,735 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ZI shares. Barclays reduced their price objective 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. Mizuho boosted their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Scotiabank assumed coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.52.

Insider Transactions at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the sale, the chief technology officer now owns 118,659 shares in the company, valued at $1,306,435.59. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Trading Down 1.1 %

Shares of ZoomInfo Technologies stock opened at $10.18 on Tuesday. The firm has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $10.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The company has a market cap of $3.50 billion, a P/E ratio of 339.45, a price-to-earnings-growth ratio of 13.44 and a beta of 1.01.

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.