ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Versor Investments LP

Versor Investments LP trimmed its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 73.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,400 shares of the company’s stock after selling 36,600 shares during the period. Versor Investments LP’s holdings in ZoomInfo Technologies were worth $141,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ZoomInfo Technologies during the third quarter worth approximately $37,000. Fifth Third Bancorp boosted its position in ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC raised its position in ZoomInfo Technologies by 343.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares during the period. Finally, KBC Group NV lifted its stake in shares of ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Up 2.0 %

Shares of NASDAQ ZI opened at $11.77 on Wednesday. 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 12 month low of $7.65 and a 12 month high of $17.01. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 392.46, a P/E/G ratio of 13.05 and a beta of 1.01. The business has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $10.42.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $297.64 million. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZI shares. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Barclays increased their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Mizuho boosted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Scotiabank raised their price target on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $11.92.

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.