Vanguard Group Inc. Sells 1,195,824 Shares of ZoomInfo Technologies Inc. $ZI

Vanguard Group Inc. trimmed its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,747,180 shares of the company’s stock after selling 1,195,824 shares during the quarter. Vanguard Group Inc. owned about 7.52% of ZoomInfo Technologies worth $280,902,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of ZoomInfo Technologies by 88.6% in the 2nd quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock valued at $103,199,000 after acquiring an additional 4,789,566 shares during the last quarter. Glenview Capital Management LLC increased its position in shares of ZoomInfo Technologies by 28.1% during the second quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock worth $165,780,000 after acquiring an additional 3,594,599 shares during the period. LSV Asset Management raised its position in ZoomInfo Technologies by 64.2% during the 3rd quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock valued at $81,897,000 after purchasing an additional 2,936,229 shares in the last quarter. Norges Bank purchased a new stake in shares of ZoomInfo Technologies in the 2nd quarter worth approximately $16,038,000. Finally, RPD Fund Management LLC lifted its holdings in ZoomInfo Technologies by 23.4% during the second quarter. RPD Fund Management LLC now owns 7,338,600 shares of the company’s stock worth $74,267,000 after buying an additional 1,393,129 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated an “underperform” rating and issued a $8.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.38.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $6.21 on Friday. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.13 billion, a PE ratio of 207.07, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business has a 50-day simple moving average of $8.51 and a 200-day simple moving average of $9.84.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.