Journey Strategic Wealth LLC Takes $140,000 Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Journey Strategic Wealth LLC purchased a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,350 shares of the company’s stock, valued at approximately $140,000.

A number of other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies during the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies in the third quarter valued at $37,000. Fifth Third Bancorp increased its stake in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. GAMMA Investing LLC grew its stake 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 valued at $41,000 after buying an additional 2,134 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the period. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Down 1.1 %

ZI stock opened at $10.18 on Tuesday. The firm has a market cap of $3.50 billion, a PE ratio of 339.45, a P/E/G ratio of 13.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s fifty day moving average is $10.49 and its 200 day moving average is $10.38. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $18.69.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZI. Citigroup raised their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price on the stock. Mizuho upped their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Barclays lowered their price objective on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.52.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck acquired 492,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is owned by company 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.