Everence Capital Management Inc. Makes Investment in ZoomInfo Technologies Inc.

On January 10, 2025, it was reported that Everence Capital Management Inc. has made a new investment in ZoomInfo Technologies Inc. (NASDAQ: ZI). This investment was established in the fourth quarter of 2024, where Everence Capital Management acquired 15,530 shares of ZoomInfo Technologies. The total value of this investment amounts to approximately $163,000.

In recent developments, several other institutional investors and hedge funds have also adjusted their ownership in ZoomInfo Technologies. For instance, during the third quarter, Raleigh Capital Management Inc. invested around $31,000 in ZoomInfo, while Mirae Asset Global Investments Co. Ltd. added about $37,000 to its holdings. Furthermore, GAMMA Investing LLC increased its stake in ZoomInfo Technologies by 114.9%, bringing its total to 3,992 shares valued at approximately $41,000 after acquiring an additional 2,134 shares during the same quarter. KBC Group NV also expanded its holdings by 39.0%, now owning 9,393 shares valued at $97,000 after purchasing an additional 2,635 shares. Lastly, American Trust made a new investment of about $104,000 in ZoomInfo Technologies in the third quarter. Collectively, institutional investors hold approximately 95.47% of the company's stock.

Insider Transactions at ZoomInfo Technologies

In related news, CEO Henry Schuck acquired 492,500 shares of the company on November 15, 2024, buying them at an average price of $10.25 per share, which constituted a total investment of $5,048,125. Following this transaction, the CEO now holds approximately 12,280,501 shares, valued at around $125,875,135.25, reflecting an increase of 4.18% in his position. This purchase was officially reported in a filing with the Securities and Exchange Commission.

On the other hand, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies on December 3, 2024, at an average price of $11.06, for a total of about $3,213,383.46. Following this sale, the director possesses around 1,266,807 shares in the company, which is valued at approximately $14,010,885.42. This transaction marked an 18.66% decline in his holdings. The insider ownership of the stock stands at 8.10%.

ZoomInfo Technologies Stock Performance

As of the most recent trading day, shares of ZoomInfo Technologies (NASDAQ: ZI) opened at $9.61. The company maintains a debt-to-equity ratio of 0.73, with both its current and quick ratios at 0.63. The 50-day moving average is reported at $10.83, while the 200-day moving average stands at $10.64. ZoomInfo Technologies has experienced a 12-month low of $7.65 and a high of $18.69, and the firm has a market capitalization of $3.30 billion. Additional metrics include a PE ratio of 320.44 and a price-to-earnings growth ratio of 13.58, complemented by a beta value of 1.01.

Analyst Ratings Overview

Various research analysts have offered their perspectives on the stock recently. Barclays, for instance, increased its target price for ZoomInfo Technologies from $11.00 to $12.00 while assigning an “equal weight” rating in a report dated December 6, 2024. Scotiabank initiated coverage with a “sector perform” rating and a target price of $10.30 on November 18, 2024. Mizuho also adjusted its target from $9.00 to $11.00, giving the company a neutral rating on November 13, 2024. On the contrary, KeyCorp downgraded its rating from “sector weight” to “underweight” on December 13, while Citigroup raised its price objective from $7.00 to $8.50 with a sell rating on November 14. Overall, six analysts have rated the stock as a sell, twelve have assigned a hold rating, and four view it as a buy, leading to an average rating of “Hold” and an average target price of $12.57 according to MarketBeat data.

About ZoomInfo Technologies

ZoomInfo Technologies Inc., alongside its subsidiaries, provides a comprehensive go-to-market intelligence and engagement platform designed for sales and marketing teams domestically and internationally. The company's cloud-based solution offers valuable information about organizations and professionals, enabling users to identify target customers and decision-makers, obtain consistently updated predictive lead and company scoring, and monitor various buying signals and attributes of target companies. Additionally, it helps users craft targeted messages and engage through automated sales tools while tracking progress throughout the deal cycle.

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