Primecap Management Co. CA Buys 1,267,171 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Primecap Management Co. CA increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 97.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,565,440 shares of the company’s stock after purchasing an additional 1,267,171 shares during the quarter. Primecap Management Co. CA’s holdings in ZoomInfo Technologies were worth $26,475,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after buying an additional 6,611,160 shares during the period. Marshall Wace LLP purchased a new position in shares of ZoomInfo Technologies in the second quarter valued at $73,435,000. Kinetic Partners Management LP lifted its holdings in ZoomInfo Technologies by 95.4% during the 1st quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock worth $43,529,000 after purchasing an additional 1,325,500 shares in the last quarter. Swedbank AB bought a new position in ZoomInfo Technologies in the 1st quarter worth about $14,026,000. Finally, M&G Plc purchased a new position in ZoomInfo Technologies during the 2nd quarter valued at about $9,534,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ZI. Stifel Nicolaus lowered their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Truist Financial dropped their price target on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Bank of America cut shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, 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. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and an average price target of $12.72.

ZoomInfo Technologies Trading Down 2.4 %

NASDAQ ZI opened at $10.37 on Friday. The company has a fifty day moving average of $10.55 and a 200 day moving average of $11.14. The company has a market capitalization of $3.79 billion, a PE ratio of 345.78, a P/E/G ratio of 5.64 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.10% of the stock is owned by corporate insiders.

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.