Maverick Capital Ltd. Sells 4,195,381 Shares of ZoomInfo Technologies Inc. $ZI

Key Points

• Maverick Capital Ltd. significantly reduced its stake in ZoomInfo Technologies Inc. by 97.8% in Q1, now holding just 95,561 shares valued at approximately $956,000.
• Other institutional investors, including Wealth Enhancement Advisory Services and Fuller & Thaler Asset Management, have increased their positions in ZoomInfo, reflecting a mixed market sentiment.
• Despite recent fluctuations, analysts have set an average target price of $11.18 for ZoomInfo Technologies, with ratings ranging from Buy to Sell based on their evaluations.

Maverick Capital Ltd. lowered its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 97.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,561 shares of the company's stock after selling 4,195,381 shares during the quarter. Maverick Capital Ltd.'s holdings in ZoomInfo Technologies were worth $956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after buying an additional 1,484 shares in the last quarter. UMB Bank n.a. boosted its position in ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after buying an additional 1,889 shares during the period. US Bancorp DE boosted its position in ZoomInfo Technologies by 32.9% during the 1st quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after buying an additional 2,092 shares during the period. Wedmont Private Capital boosted its position in ZoomInfo Technologies by 18.8% during the 1st quarter. Wedmont Private Capital now owns 14,386 shares of the company's stock valued at $144,000 after buying an additional 2,272 shares during the period. Finally, Impax Asset Management Group plc boosted its position in ZoomInfo Technologies by 3.6% during the 1st quarter. Impax Asset Management Group plc now owns 66,701 shares of the company's stock valued at $667,000 after buying an additional 2,295 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 1.1%

Shares of NASDAQ:ZI traded up $0.11 during midday trading on Friday, reaching $10.23. The company's stock had a trading volume of 2,661,203 shares, compared to its average volume of 7,578,001. The firm has a 50 day moving average of $10.41 and a 200-day moving average of $9.94. The firm has a market capitalization of $3.50 billion, a P/E ratio of 341.11, a PEG ratio of 13.05 and a beta of 1.02. 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 12-month low of $7.01 and a 12-month high of $13.39.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $11.18.

About ZoomInfo Technologies

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.