ZoomInfo Technologies (NASDAQ:ZI) Shares Gap Up After Insider Buying Activity

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s stock price gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $9.90, but opened at $10.47. ZoomInfo Technologies shares last traded at $10.65, with a volume of 1,655,211 shares.

Specifically, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction dated 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 owns 12,280,501 shares in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup boosted their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research note on Thursday, November 14th. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Mizuho boosted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Four investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.72.

ZoomInfo Technologies Price Performance

The business has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $11.14. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 345.78, a price-to-earnings-growth ratio of 5.64 and a beta of 1.03.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter worth about $31,000. J.Safra Asset Management Corp raised its holdings in shares of ZoomInfo Technologies by 955.2% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies in the third quarter valued at approximately $37,000. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 2,134 shares during the period. Finally, Covestor Ltd increased its position in ZoomInfo Technologies by 598.5% in the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after buying an additional 2,861 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.