Versor Investments LP Sells 89,700 Shares of ZoomInfo Technologies Inc. $ZI

Versor Investments LP decreased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 86.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,459 shares of the company’s stock after selling 89,700 shares during the period. Versor Investments LP’s holdings in ZoomInfo Technologies were worth $146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in ZoomInfo Technologies in the 1st quarter worth about $51,933,000. Teacher Retirement System of Texas purchased a new stake in shares of ZoomInfo Technologies in the first quarter valued at approximately $480,000. Easterly Investment Partners LLC acquired a new position in shares of ZoomInfo Technologies during the 1st quarter worth approximately $1,262,000. Charles Schwab Investment Management Inc. lifted its position in shares of ZoomInfo Technologies by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,299,481 shares of the company’s stock valued at $22,995,000 after buying an additional 86,382 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of ZoomInfo Technologies by 96.5% during the 1st quarter. Cerity Partners LLC now owns 233,810 shares of the company’s stock valued at $2,338,000 after buying an additional 114,823 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Down 4.6%

NASDAQ:ZI opened at $10.70 on Friday. The firm has a market capitalization of $3.66 billion, a PE ratio of 356.79, a price-to-earnings-growth ratio of 13.05 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 Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The business’s 50-day moving average is $10.99 and its two-hundred day moving average is $10.31.

Analysts Set New Price Targets

ZI has been the subject of several analyst reports. Royal Bank Of Canada restated an “underperform” rating and issued a $8.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of ZoomInfo Technologies in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday. Finally, KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $11.31.

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.