FORA Capital LLC Acquires Shares of 13,017 ZoomInfo Technologies Inc. (NASDAQ:ZI)

FORA Capital LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,017 shares of the company’s stock, valued at approximately $134,000.

Several other large investors have also made changes to their positions in the business. FMR LLC raised its holdings in shares of ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after acquiring an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after purchasing an additional 6,611,160 shares in the last quarter. Marshall Wace LLP acquired a new position in ZoomInfo Technologies in the 2nd quarter valued at $73,435,000. Primecap Management Co. CA lifted its holdings in ZoomInfo Technologies by 97.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after purchasing an additional 1,267,171 shares in the last quarter. Finally, M&G Plc acquired a new stake in ZoomInfo Technologies during the 2nd quarter worth $9,534,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of 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. DA Davidson cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $9.50 in a report on Tuesday, August 6th. Truist Financial cut their price target on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Royal Bank of Canada lowered their price objective on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 6th. Finally, Bank of America downgraded ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their target price for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.72.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.10% of the stock is currently owned by corporate insiders.

ZoomInfo Technologies Trading Down 0.5 %

Shares of NASDAQ ZI opened at $10.94 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.76 billion, a PE ratio of 364.79, a PEG ratio of 14.37 and a beta of 1.03. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The stock has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $11.01.

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.