Capstone Investment Advisors LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Capstone Investment Advisors LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,409 shares of the company’s stock, valued at approximately $149,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after acquiring an additional 2,585,631 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of ZoomInfo Technologies in the second quarter valued at about $73,435,000. Bank of New York Mellon Corp raised its holdings in shares of ZoomInfo Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock valued at $42,005,000 after purchasing an additional 223,669 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of ZoomInfo Technologies by 20.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock valued at $41,279,000 after purchasing an additional 548,094 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Down 0.5 %

ZI stock opened at $10.94 on Monday. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The firm has a market capitalization of $3.76 billion, a PE ratio of 364.67, a PEG ratio of 14.29 and a beta of 1.03. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $10.99.

Analysts Set New Price Targets

ZI has been the subject of several analyst reports. KeyCorp lowered shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Piper Sandler lifted their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Scotiabank started coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Barclays decreased their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Finally, Daiwa Capital Markets lowered shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.72.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is owned by corporate 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.