Cynosure Group LLC Has $858,000 Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cynosure Group LLC trimmed its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 58.0% in the third quarter, HoldingsChannel reports. The firm owned 83,103 shares of the company’s stock after selling 114,656 shares during the period. Cynosure Group LLC’s holdings in ZoomInfo Technologies were worth $858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after acquiring an additional 1,547 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of ZoomInfo Technologies by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after purchasing an additional 17,193 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of ZoomInfo Technologies by 9.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 434,461 shares of the company’s stock worth $6,964,000 after buying an additional 38,673 shares during the period. Tidal Investments LLC bought a new stake in shares of ZoomInfo Technologies during the first quarter worth approximately $2,113,000. Finally, Comerica Bank lifted its holdings in ZoomInfo Technologies by 32.3% in the first quarter. Comerica Bank now owns 181,559 shares of the company’s stock valued at $2,910,000 after buying an additional 44,276 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck purchased 492,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Trading Up 0.2 %

Shares of ZoomInfo Technologies stock opened at $10.89 on Wednesday. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 363.12, a P/E/G ratio of 14.19 and a beta of 1.03. The business has a fifty day simple moving average of $10.56 and a two-hundred day simple moving average of $11.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research 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 report on Wednesday, November 13th. Barclays cut their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Four 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’s stock. Based on data from MarketBeat, ZoomInfo Technologies currently has an average 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.