SG Americas Securities LLC Buys 117,420 Shares of ZoomInfo Technologies Inc. $ZI

SG Americas Securities LLC boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 569.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,053 shares of the company’s stock after buying an additional 117,420 shares during the quarter. SG Americas Securities LLC’s holdings in ZoomInfo Technologies were worth $1,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in ZoomInfo Technologies by 105.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,274,630 shares of the company’s stock worth $12,899,000 after purchasing an additional 654,363 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of ZoomInfo Technologies by 81.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 545,083 shares of the company’s stock valued at $5,947,000 after buying an additional 244,092 shares during the last quarter. Norges Bank purchased a new stake in shares of ZoomInfo Technologies in the second quarter worth approximately $16,038,000. Bank of New York Mellon Corp raised its holdings in shares of ZoomInfo Technologies by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 2,320,334 shares of the company’s stock worth $23,482,000 after buying an additional 153,332 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of ZoomInfo Technologies during the 2nd quarter worth approximately $262,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZI shares. KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a $8.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.31.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $10.08 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of 336.11, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The stock’s fifty day moving average price is $10.05 and its 200-day moving average price is $10.48.

About ZoomInfo Technologies

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.