Journey Strategic Wealth LLC Purchases Shares of 13,350 ZoomInfo Technologies Inc. (NASDAQ:ZI)

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

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in shares of ZoomInfo Technologies in the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the third quarter valued at approximately $37,000. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 1,241 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $10.18 on Tuesday. 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 stock has a market capitalization of $3.50 billion, a P/E ratio of 339.45, a P/E/G ratio of 13.44 and a beta of 1.01. The company’s fifty day moving average is $10.49 and its two-hundred day moving average is $10.38. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $18.69.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 4,898 shares of the company’s 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 of the company’s stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Henry Schuck purchased 492,500 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays dropped 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 report on Thursday, January 23rd. Citigroup lifted their price target 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Piper Sandler reiterated an “underweight” rating and issued a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Finally, Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target for the company. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $12.52.

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.