Primecap Management Co. CA Sells 158,400 Shares of ZoomInfo Technologies Inc. $ZI

Primecap Management Co. CA reduced its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,843,471 shares of the company’s stock after selling 158,400 shares during the period. Primecap Management Co. CA owned approximately 1.42% of ZoomInfo Technologies worth $52,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its stake in shares of ZoomInfo Technologies by 124.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $25,000 after purchasing an additional 1,260 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZoomInfo Technologies in the third quarter valued at about $27,000. Allworth Financial LP grew its position in ZoomInfo Technologies by 980.2% in the second quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock valued at $34,000 after acquiring an additional 3,019 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in ZoomInfo Technologies by 3,863.1% during the third quarter. SJS Investment Consulting Inc. now owns 4,082 shares of the company’s stock worth $45,000 after acquiring an additional 3,979 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of ZoomInfo Technologies by 1,202.5% in the second quarter. True Wealth Design LLC now owns 6,903 shares of the company’s stock worth $70,000 after acquiring an additional 6,373 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZI. Royal Bank Of Canada restated an “underperform” rating and issued a $8.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Finally, KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.38.

ZoomInfo Technologies Stock Up 2.3%

NASDAQ:ZI opened at $6.13 on Friday. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $2.10 billion, a PE ratio of 204.40, a P/E/G ratio of 13.05 and a beta of 1.02. The firm’s 50 day simple moving average is $8.59 and its 200 day simple moving average is $9.86.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.