50,000 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Acquired by Versor Investments LP

Versor Investments LP acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $516,000.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners bought a new position in shares of ZoomInfo Technologies in the 1st quarter valued at about $613,000. Janus Henderson Group PLC boosted its stake in ZoomInfo Technologies by 7.1% in the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after acquiring an additional 17,193 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in ZoomInfo Technologies by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after acquiring an additional 7,779 shares during the last quarter. M&G Plc acquired a new stake in ZoomInfo Technologies during the 2nd quarter worth $9,534,000. Finally, Tidal Investments LLC bought a new stake in shares of ZoomInfo Technologies during the 1st quarter valued at $2,113,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Down 19.5 %

NASDAQ:ZI opened at $10.53 on Thursday. The stock has a 50-day simple moving average of $10.49 and a 200 day simple moving average of $11.37. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a market cap of $3.85 billion, a PE ratio of 351.12, a PEG ratio of 8.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97.

Analysts Set New Price Targets

A number of brokerages recently commented on ZI. Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $15.00 to $9.00 in a research note on Tuesday, August 13th. Truist Financial lowered their price target on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Wells Fargo & Company reduced their price objective on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Finally, Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.76.

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.