Fifth Third Bancorp Boosts Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Fifth Third Bancorp lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 47.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,836 shares of the company’s stock after buying an additional 1,241 shares during the period. Fifth Third Bancorp’s holdings in ZoomInfo Technologies were worth $40,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in shares of ZoomInfo Technologies during the third quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC lifted its position in 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 during the last quarter. Nisa Investment Advisors LLC boosted its stake 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 valued at $64,000 after purchasing an additional 4,735 shares during the period. Finally, KBC Group NV grew its holdings in shares of ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.29 on Monday. 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 has a 50 day moving average price of $10.49 and a 200-day moving average price of $10.39. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $18.69. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 343.11, a PEG ratio of 13.47 and a beta of 1.01.

Wall Street Analysts Forecast Growth

ZI has been the subject of a number of recent analyst reports. Barclays lowered their price target 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. Piper Sandler reaffirmed an “underweight” rating and set a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Citigroup boosted their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. Finally, Scotiabank began coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.52.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by company 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.