Pacer Advisors Inc. Boosts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Pacer Advisors Inc. grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 38.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,274,829 shares of the company’s stock after purchasing an additional 2,585,631 shares during the quarter. Pacer Advisors Inc. owned approximately 2.54% of ZoomInfo Technologies worth $95,716,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA raised its stake in shares of ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after acquiring an additional 1,267,171 shares during the last quarter. KBC Group NV raised its position in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares during the period. GSA Capital Partners LLP grew its position in shares of ZoomInfo Technologies by 248.2% in the 3rd quarter. GSA Capital Partners LLP now owns 55,707 shares of the company’s stock worth $575,000 after buying an additional 39,708 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of ZoomInfo Technologies during the third quarter valued at approximately $516,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

ZI has been the subject of a number of research reports. Barclays decreased their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Truist Financial cut their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Wells Fargo & Company dropped their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday. They set a “sector perform” rating and a $10.30 price objective for the company. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus price target of $12.72.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $10.37 on Friday. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 345.78, a PEG ratio of 5.64 and a beta of 1.03. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The stock’s 50 day simple moving average is $10.55 and its two-hundred day simple moving average is $11.14. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Insiders Place Their Bets

In other news, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.10% of the stock is currently owned by 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.