Everence Capital Management Inc. Invests $163,000 in ZoomInfo Technologies Inc. (NASDAQ:ZI)

On January 10th, 2025, it was reported that Everence Capital Management Inc. made a significant investment in ZoomInfo Technologies Inc., acquiring a new stake in the company in the fourth quarter. The fund purchased 15,530 shares, which amounted to an investment of approximately $163,000.

In addition to Everence, other institutional investors have also adjusted their stakes in ZoomInfo Technologies recently. For example, Raleigh Capital Management Inc. bought a new stake in the company during the third quarter, valued at about $31,000. Similarly, Mirae Asset Global Investments Co. Ltd. acquired a new stake worth approximately $37,000 in the same quarter. Furthermore, GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by an impressive 114.9%, owning 3,992 shares valued at $41,000 after purchasing an additional 2,134 shares. KBC Group NV also grew its holdings by 39.0%, now owning 9,393 shares worth $97,000 after acquiring an additional 2,635 shares.

American Trust also entered the scene by purchasing a new stake in ZoomInfo Technologies valued at approximately $104,000. Overall, hedge funds and institutional investors now hold 95.47% of ZoomInfo's stock, indicating strong interest from significant market players.

Insider Transactions at ZoomInfo Technologies

In other news involving ZoomInfo Technologies, CEO Henry Schuck made headlines by acquiring 492,500 shares of the company on November 15th, at an average price of $10.25 per share, amounting to a total of $5,048,125. This purchase brought his total ownership to 12,280,501 shares, valued at approximately $125,875,135.25, marking a 4.18% increase in his stake.

Conversely, Director David Randall Winn sold 290,541 shares on December 3rd for an average price of $11.06, resulting in a transaction totaling $3,213,383.46, which led to an 18.66% decrease in his holdings. After these transactions, insiders own approximately 8.10% of ZoomInfo's stock.

Stock Performance of ZoomInfo Technologies

As for the company's stock performance, shares of ZoomInfo Technologies (NASDAQ: ZI) opened at $9.61 on January 10th. The firm has a debt-to-equity ratio of 0.73, along with a current ratio of 0.63 and a quick ratio of 0.63. The company's 50-day moving average stands at $10.83, while the 200-day moving average is $10.64. Over the past year, shares have seen a low of $7.65 and a high of $18.69, with a current market capitalization of $3.30 billion. ZoomInfo’s price-to-earnings (PE) ratio is notably high at 320.44, and it has a price-to-earnings-growth (PEG) ratio of 13.58, with a beta of 1.01.

Analyst Ratings for ZoomInfo Technologies

Several analysts have weighed in on the stock recently. Barclays increased its target price for ZoomInfo Technologies from $11.00 to $12.00 and rated the stock as “equal weight” in early December. Scotiabank initiated coverage with a “sector perform” rating and set a price target of $10.30. Mizuho also raised its target from $9.00 to $11.00 and assigned a “neutral” rating. Other analysts, including KeyCorp and Citigroup, provided mixed reviews, resulting in six analysts giving a “sell” rating, twelve assigning a hold rating, and four issuing a buy rating. The average rating from analysts is currently categorized as “Hold,” with an average target price of $12.57.

About ZoomInfo Technologies

ZoomInfo Technologies Inc., alongside its subsidiaries, offers a go-to-market intelligence and engagement platform designed for sales and marketing teams both in the United States and globally. The cloud-based platform provides users with vital information about organizations and professionals, aiding in the identification of target customers and key decision-makers. Users benefit from predictive lead scoring, monitoring buying signals, and tracking their sales processes through automated tools.

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