Blue Trust Inc. Has $174,000 Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Blue Trust Inc. lifted its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 8,412.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,599 shares of the company’s stock after acquiring an additional 16,404 shares during the quarter. Blue Trust Inc.’s holdings in ZoomInfo Technologies were worth $174,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of ZoomInfo Technologies by 29.1% in the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after buying an additional 1,160 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of ZoomInfo Technologies by 47.8% in the fourth 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 last quarter. State of Alaska Department of Revenue grew its holdings in shares of ZoomInfo Technologies by 7.1% in the third 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 grew its holdings in shares of ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies in the third quarter worth approximately $31,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ZI shares. Barclays cut their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Mizuho upped 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.15.

ZoomInfo Technologies Stock Down 2.7 %

NASDAQ ZI opened at $9.90 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $3.40 billion, a P/E ratio of 330.11, a P/E/G ratio of 13.86 and a beta of 1.01. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $17.89. The stock has a 50 day moving average price of $10.30 and a 200-day moving average price of $10.29.

Insider Activity

In other news, 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 completion of the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

ZoomInfo Technologies Company Profile

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.