Stanley Laman Group Ltd. Reduces Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Stanley Laman Group Ltd. lessened its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,496 shares of the company’s stock after selling 63,154 shares during the quarter. Stanley Laman Group Ltd.’s holdings in ZoomInfo Technologies were worth $2,927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after acquiring an additional 1,160 shares during the last quarter. Fifth Third Bancorp boosted 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 worth $40,000 after buying an additional 1,241 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after buying an additional 2,275 shares during the last quarter. KBC Group NV boosted 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 buying an additional 2,635 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 0.7 %

ZoomInfo Technologies stock opened at $10.29 on Thursday. The firm’s 50 day moving average price is $10.39 and its 200-day moving average price is $10.32. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $18.69. The stock has a market cap of $3.53 billion, a P/E ratio of 343.11, a PEG ratio of 13.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ZI. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Barclays dropped their price objective on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 target price (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Piper Sandler restated an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.15.

Insider Buying and Selling

In related news, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction 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 sale, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Henry Schuck purchased 492,500 shares of ZoomInfo Technologies stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the transaction, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by company insiders.

ZoomInfo Technologies Company 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.