M&T Bank Corp Purchases 3,746 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

M&T Bank Corp raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 30.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,152 shares of the company’s stock after purchasing an additional 3,746 shares during the quarter. M&T Bank Corp’s holdings in ZoomInfo Technologies were worth $167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZI. Victory Capital Management Inc. grew its position in ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after buying an additional 74,455 shares during the period. Versor Investments LP purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter worth $516,000. XTX Topco Ltd bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $895,000. State Street Corp increased its stake in shares of ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after purchasing an additional 2,585,631 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the subject of several recent research reports. Scotiabank assumed coverage on ZoomInfo Technologies in a report on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target for the company. KeyCorp downgraded ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Piper Sandler raised their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Mizuho upped their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Citigroup increased their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.77.

Insider Transactions at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were 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 $14,010,885.42. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Stock Down 0.9 %

Shares of NASDAQ ZI opened at $10.48 on Friday. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The firm has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $10.82. The company has a market cap of $3.60 billion, a P/E ratio of 349.45, a PEG ratio of 13.58 and a beta of 1.02. 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.