Janney Montgomery Scott LLC Sells 8,538 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Janney Montgomery Scott LLC cut its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,447 shares of the company’s stock after selling 8,538 shares during the period. Janney Montgomery Scott LLC’s holdings in ZoomInfo Technologies were worth $394,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of ZoomInfo Technologies by 343.1% during the 4th 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 in the last quarter. Everence Capital Management Inc. acquired a new position in ZoomInfo Technologies in the fourth quarter valued at about $163,000. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares during the period. American Trust acquired a new stake in ZoomInfo Technologies in the 3rd quarter valued at approximately $104,000. Finally, SkyView Investment Advisors LLC acquired a new stake in ZoomInfo Technologies in the 3rd quarter valued at $129,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZI. Scotiabank started 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. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Mizuho upped their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Piper Sandler restated an “underweight” rating and set a $10.00 price target (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.12.

ZoomInfo Technologies Stock Up 2.8 %

Shares of NASDAQ ZI opened at $10.28 on Tuesday. The business has a 50-day simple moving average of $10.43 and a two-hundred day simple moving average of $10.34. 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 cap of $3.53 billion, a P/E ratio of 342.78, a P/E/G ratio of 13.57 and a beta of 1.01. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $18.69.

Insider Transactions at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. This represents a 18.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Henry Schuck bought 492,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average price 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 owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is owned by insiders.

ZoomInfo Technologies 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.