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. trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 97.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,561 shares of the company's stock after selling 4,195,381 shares during the period. Maverick Capital Ltd.'s holdings in ZoomInfo Technologies were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. raised its holdings in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after acquiring an additional 1,889 shares during the last quarter. Brooklyn Investment Group boosted its stake in ZoomInfo Technologies by 180.5% during the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock valued at $51,000 after purchasing an additional 3,306 shares during the last quarter. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after purchasing an additional 1,484 shares in the last quarter. US Bancorp DE raised its stake in shares of ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock worth $85,000 after purchasing an additional 2,092 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of ZoomInfo Technologies by 139.6% in the first quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock valued at $102,000 after purchasing an additional 5,951 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded down $0.26 during trading on Friday, hitting $10.12. 2,945,010 shares of the company were exchanged, compared to its average volume of 7,578,001. The company has a market cap of $3.46 billion, a PE ratio of 337.45, a P/E/G ratio of 13.05 and a beta of 1.02. The stock has a 50 day moving average of $10.40 and a 200 day moving average of $9.94. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

ZI has been the subject of a number of analyst reports. Barclays increased their price target on 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 ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company raised their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $11.18.

ZoomInfo Technologies 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.