Circumference Group LLC Sells 5,000 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Circumference Group LLC cut its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 365,000 shares of the company’s stock after selling 5,000 shares during the quarter. ZoomInfo Technologies accounts for approximately 3.9% of Circumference Group LLC’s investment portfolio, making the stock its 11th largest position. Circumference Group LLC owned 0.10% of ZoomInfo Technologies worth $3,767,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ZI. GAMMA Investing LLC raised its stake in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after acquiring an additional 2,134 shares during the period. State of Alaska Department of Revenue lifted its holdings in ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after buying an additional 2,275 shares during the period. J.Safra Asset Management Corp grew its position in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after buying an additional 2,388 shares during the last quarter. KBC Group NV raised its stake in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in ZoomInfo Technologies during the third quarter valued at approximately $31,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on ZI shares. Truist Financial decreased their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Barclays dropped their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Stifel Nicolaus decreased their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Citigroup boosted their target price 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. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.72.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $10.94 on Monday. 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 firm has a market cap of $3.76 billion, a PE ratio of 364.79, a PEG ratio of 14.29 and a beta of 1.02. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39. The firm has a fifty day moving average of $10.60 and a 200 day moving average of $10.99.

ZoomInfo Technologies 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.