ZoomInfo Technologies Inc. (NASDAQ:ZI) Director David Randall Winn Sells 290,541 Shares

ZoomInfo Technologies Inc. (NASDAQ:ZI) Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ZoomInfo Technologies Trading Down 2.1 %

Shares of ZoomInfo Technologies stock opened at $10.97 on Friday. The business has a fifty day simple moving average of $10.67 and a 200-day simple moving average of $10.96. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 365.79, a price-to-earnings-growth ratio of 14.63 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies in the third quarter worth approximately $31,000. J.Safra Asset Management Corp grew its holdings 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 acquiring an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter worth $37,000. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 2,134 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of ZoomInfo Technologies during the first quarter valued at $85,000. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ZI. Scotiabank started coverage on ZoomInfo Technologies in a report on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Citigroup raised their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday, November 14th. Piper Sandler upped their price target on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock 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. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has a consensus 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.