Qsemble Capital Management LP Sells 34,051 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Qsemble Capital Management LP lowered its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 54.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,466 shares of the company’s stock after selling 34,051 shares during the quarter. Qsemble Capital Management LP’s holdings in ZoomInfo Technologies were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp raised its position in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after buying an additional 2,388 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies in the third quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the third quarter valued at $37,000. GAMMA Investing LLC grew its holdings in shares of ZoomInfo Technologies by 114.9% in 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 in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of ZoomInfo Technologies by 45.3% in the first quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck bought 492,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were purchased 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 approximately $125,875,135.25. This represents a 4.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ZI shares. Piper Sandler raised their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Citigroup raised their target price on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. 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. Scotiabank assumed 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 for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus target price of $12.72.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $11.00 on Thursday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 366.79, a PEG ratio of 14.22 and a beta of 1.03. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The firm’s 50 day simple moving average is $10.58 and its 200-day simple moving average is $11.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

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.