Versor Investments LP Has $1.04 Million Stake in ZoomInfo Technologies Inc. $ZI

Key Points

• Versor Investments LP significantly increased its stake in ZoomInfo Technologies by 677.3% in the first quarter, now owning 104,159 shares worth approximately $1,042,000.
• Institutional investors own around 95.47% of ZoomInfo Technologies, with multiple firms like Fox Run Management and Invesco Ltd. also boosting their positions during the same quarter.
• Analysts have recently upgraded price targets for ZoomInfo Technologies, with the consensus rating at "Hold" and an average price target of $11.18.

Versor Investments LP raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 677.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,159 shares of the company's stock after acquiring an additional 90,759 shares during the period. Versor Investments LP's holdings in ZoomInfo Technologies were worth $1,042,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after acquiring an additional 1,889 shares during the period. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after acquiring an additional 1,484 shares during the period. US Bancorp DE boosted its holdings in ZoomInfo Technologies by 32.9% during the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after acquiring an additional 2,092 shares during the period. Allegiance Financial Group Advisory Services LLC bought a new stake in ZoomInfo Technologies during the first quarter valued at about $103,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in ZoomInfo Technologies during the fourth quarter valued at about $109,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded up $0.65 during mid-day trading on Friday, hitting $10.75. The company's stock had a trading volume of 3,426,500 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 358.45, a P/E/G ratio of 13.05 and a beta of 1.02. The stock has a fifty day moving average of $10.26 and a 200-day moving average of $9.92.

Wall Street Analyst Weigh In

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

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.