Gries Financial LLC Acquires Shares of 13,958 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Gries Financial LLC bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,958 shares of the company’s stock, valued at approximately $147,000.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. boosted its stake in ZoomInfo Technologies by 45.8% in the second quarter. American Century Companies Inc. now owns 28,825 shares of the company’s stock valued at $368,000 after acquiring an additional 9,049 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in ZoomInfo Technologies by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 275,505 shares of the company’s stock valued at $3,518,000 after acquiring an additional 3,023 shares during the period. Sei Investments Co. lifted its position in shares of ZoomInfo Technologies by 2.8% during the second quarter. Sei Investments Co. now owns 148,402 shares of the company’s stock worth $1,895,000 after acquiring an additional 3,984 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of ZoomInfo Technologies by 36.9% in the second quarter. AQR Capital Management LLC now owns 71,367 shares of the company’s stock worth $900,000 after acquiring an additional 19,222 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of ZoomInfo Technologies in the second quarter valued at $1,057,000. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Piper Sandler reaffirmed an “underweight” rating and set a $10.00 price objective (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Citigroup increased their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a research note on Thursday, November 14th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective 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 four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.52.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $10.47 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. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $18.69. The company has a fifty day moving average of $10.50 and a 200-day moving average of $10.41. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 349.12, a price-to-earnings-growth ratio of 13.47 and a beta of 1.01.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the firm’s 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 sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 8.10% of the stock is currently owned by insiders.

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.