ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Holdings Reduced by Versor Investments LP

Versor Investments LP reduced its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 73.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,400 shares of the company’s stock after selling 36,600 shares during the period. Versor Investments LP’s holdings in ZoomInfo Technologies were worth $141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZI. Creative Planning acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at $254,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies during the third quarter valued at about $37,000. State of Alaska Department of Revenue lifted its position in shares of ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after buying an additional 2,275 shares during the last quarter. US Bancorp DE boosted its stake in shares of ZoomInfo Technologies by 164.7% during the 3rd quarter. US Bancorp DE now owns 12,742 shares of the company’s stock worth $131,000 after acquiring an additional 7,928 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of ZoomInfo Technologies by 37.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 202,406 shares of the company’s stock valued at $2,089,000 after acquiring an additional 55,150 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $11.00 in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Morgan Stanley boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus upped their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Performance

NASDAQ ZI opened at $11.77 on Wednesday. The stock has a market cap of $4.04 billion, a P/E ratio of 392.46, a PEG ratio of 13.05 and a beta of 1.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a twelve month low of $7.65 and a twelve month high of $17.01. The company’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $10.42.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

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.