ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 21.5% in the 4th quarter, Holdings Channel reports. The fund owned 7,277,779 shares of the company’s stock after selling 1,997,050 shares during the period. Pacer Advisors Inc.’s holdings in ZoomInfo Technologies were worth $76,489,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $44,248,000. Primecap Management Co. CA boosted its stake in shares of ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after acquiring an additional 1,267,171 shares in the last quarter. Harber Asset Management LLC grew its holdings in shares of ZoomInfo Technologies by 79.0% in the 3rd quarter. Harber Asset Management LLC now owns 1,437,847 shares of the company’s stock worth $14,839,000 after acquiring an additional 634,551 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in ZoomInfo Technologies in the 3rd quarter valued at approximately $6,293,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction that occurred 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. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ZI shares. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Citigroup increased their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.52.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $9.98 on Monday. The company has a market cap of $3.43 billion, a P/E ratio of 332.78, a P/E/G ratio of 12.92 and a beta of 1.01. The firm’s 50 day moving average is $10.48 and its two-hundred day moving average is $10.43. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.