Edgestream Partners L.P. Raises Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Edgestream Partners L.P. lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 21.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 128,873 shares of the company’s stock after buying an additional 22,593 shares during the period. Edgestream Partners L.P.’s holdings in ZoomInfo Technologies were worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its position 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 acquiring an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of ZoomInfo Technologies by 38.7% during the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after purchasing an additional 2,585,631 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of ZoomInfo Technologies during the 2nd quarter worth approximately $73,435,000. Bank of New York Mellon Corp grew its holdings in ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock valued at $42,005,000 after buying an additional 223,669 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in ZoomInfo Technologies by 20.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after buying an additional 548,094 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 3.2 %

Shares of ZoomInfo Technologies stock opened at $11.00 on Wednesday. The company has a fifty day moving average price of $10.63 and a 200 day moving average price of $10.96. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $19.39. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 366.79, a price-to-earnings-growth ratio of 14.84 and a beta of 1.02.

Insider Activity

In other news, CEO Henry Schuck acquired 492,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were purchased at an average price 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 of the company’s stock, valued at $125,875,135.25. This 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 this link. Insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler upped their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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 reissued a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Citigroup lifted 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. Finally, Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.