ZoomInfo Technologies Inc. (NASDAQ:ZI) Stake Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 37.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 202,406 shares of the company's stock after purchasing an additional 55,150 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of ZoomInfo Technologies worth $2,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ZI. Pacer Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock worth $85,421,000 after buying an additional 6,611,160 shares during the last quarter. Marshall Wace LLP purchased a new position in ZoomInfo Technologies in the second quarter worth about $73,435,000. Delta Global Management LP grew its stake in shares of ZoomInfo Technologies by 280.1% during the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company's stock valued at $41,576,000 after purchasing an additional 1,911,221 shares during the period. Kinetic Partners Management LP increased its position in shares of ZoomInfo Technologies by 95.4% during the 1st quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company's stock valued at $43,529,000 after purchasing an additional 1,325,500 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of ZoomInfo Technologies in the 1st quarter worth approximately $14,026,000. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Truist Financial lowered their price target on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a "hold" rating on the stock in a report on Tuesday, August 6th. Piper Sandler raised their price target on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday. KeyCorp lowered ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, August 6th. DA Davidson downgraded ZoomInfo Technologies from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Finally, Barclays dropped their price target on 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $12.84.

ZoomInfo Technologies Price Performance

ZI traded down $0.35 on Friday, hitting $10.23. 9,945,955 shares of the company were exchanged, compared to its average volume of 9,235,097. The business's fifty day moving average is $10.53 and its 200 day moving average is $11.31. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. The firm has a market capitalization of $3.74 billion, a P/E ratio of 341.11, a price-to-earnings-growth ratio of 6.41 and a beta of 1.03.

ZoomInfo Technologies 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.