Versor Investments LP Purchases Shares of 50,000 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Versor Investments LP bought a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $516,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock valued at $85,421,000 after buying an additional 6,611,160 shares during the period. Marshall Wace LLP purchased a new stake in ZoomInfo Technologies during the second quarter valued at about $73,435,000. Bank of New York Mellon Corp boosted its position in ZoomInfo Technologies by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock valued at $42,005,000 after buying an additional 223,669 shares during the period. Dimensional Fund Advisors LP boosted its position in ZoomInfo Technologies by 20.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company's stock valued at $41,279,000 after buying an additional 548,094 shares during the period. Finally, Kinetic Partners Management LP boosted its position in ZoomInfo Technologies by 95.4% during the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company's stock valued at $43,529,000 after buying an additional 1,325,500 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America lowered shares of ZoomInfo Technologies from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Finally, Barclays decreased their price target on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.84.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock traded up $0.05 on Thursday, hitting $10.58. 11,076,023 shares of the company's stock were exchanged, compared to its average volume of 6,945,319. The company has a 50-day simple moving average of $10.50 and a 200-day simple moving average of $11.36. The stock has a market capitalization of $3.86 billion, a PE ratio of 355.12, a PEG ratio of 8.00 and a beta of 1.03. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97.

About ZoomInfo Technologies

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.