ZoomInfo Technologies Inc. $ZI Shares Purchased by Versor Investments LP

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new stake in shares of ZoomInfo Technologies during the 1st quarter worth $636,000. Vestmark Advisory Solutions Inc. boosted its position in shares of ZoomInfo Technologies by 53.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 23,998 shares of the company's stock worth $240,000 after purchasing an additional 8,351 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of ZoomInfo Technologies by 0.4% during the 1st quarter. HighTower Advisors LLC now owns 977,421 shares of the company's stock worth $9,774,000 after purchasing an additional 3,475 shares in the last quarter. Nuveen LLC purchased a new stake in shares of ZoomInfo Technologies during the 1st quarter worth $7,568,000. Finally, Invesco Ltd. boosted its position in shares of ZoomInfo Technologies by 41.7% during the 1st quarter. Invesco Ltd. now owns 811,571 shares of the company's stock worth $8,116,000 after purchasing an additional 238,704 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 3.6%

Shares of NASDAQ:ZI opened at $10.43 on Monday. 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 52-week low of $7.01 and a 52-week high of $13.39. The company has a 50 day moving average of $10.23 and a two-hundred day moving average of $9.92. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 347.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

Analyst Upgrades and Downgrades

ZI has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Barclays boosted their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.

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