Henry Schuck Buys 492,500 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $10.25 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ZoomInfo Technologies Trading Up 2.1 %

Shares of ZI stock traded up $0.20 during mid-day trading on Tuesday, reaching $9.91. The stock had a trading volume of 5,396,369 shares, compared to its average volume of 6,989,531. The stock’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $11.20. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The firm has a market capitalization of $3.62 billion, a PE ratio of 323.77, a price-to-earnings-growth ratio of 6.20 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies during the third quarter valued at about $31,000. J.Safra Asset Management Corp boosted its stake in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after acquiring an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies during the third quarter worth about $37,000. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares in the last quarter. Finally, Covestor Ltd boosted its stake in ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the subject of several analyst reports. Piper Sandler raised their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada cut their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.72.

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.