ZoomInfo Technologies Inc. $ZI Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 55.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,185 shares of the company’s stock after purchasing an additional 84,805 shares during the period. Y Intercept Hong Kong Ltd owned 0.07% of ZoomInfo Technologies worth $2,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in ZoomInfo Technologies by 980.2% in the second quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock valued at $34,000 after acquiring an additional 3,019 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of ZoomInfo Technologies by 3,863.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 4,082 shares of the company’s stock worth $45,000 after purchasing an additional 3,979 shares during the period. True Wealth Design LLC lifted its holdings in shares of ZoomInfo Technologies by 1,202.5% in the 2nd quarter. True Wealth Design LLC now owns 6,903 shares of the company’s stock worth $70,000 after acquiring an additional 6,373 shares during the last quarter. EMC Capital Management acquired a new stake in ZoomInfo Technologies in the 2nd quarter valued at approximately $71,000. Finally, Versant Capital Management Inc raised its position in ZoomInfo Technologies by 180.3% in the third quarter. Versant Capital Management Inc now owns 8,337 shares of the company’s stock valued at $91,000 after purchasing an additional 5,363 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on ZI. KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada restated an “underperform” rating and set a $8.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus target price of $11.31.

ZoomInfo Technologies Price Performance

NASDAQ ZI traded up $0.09 on Wednesday, reaching $8.91. The company’s stock had a trading volume of 6,531,373 shares, compared to its average volume of 7,578,001. The firm has a market cap of $3.05 billion, a PE ratio of 297.10, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick 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 business has a 50-day moving average price of $9.84 and a 200 day moving average price of $10.42.

About ZoomInfo Technologies

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.