ZoomInfo Technologies Inc. $ZI Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 4.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,747,180 shares of the company’s stock after selling 1,195,824 shares during the period. Vanguard Group Inc. owned approximately 0.08% of ZoomInfo Technologies worth $280,902,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ZI. Baird Financial Group Inc. grew its holdings in ZoomInfo Technologies by 32.7% in the first quarter. Baird Financial Group Inc. now owns 25,286 shares of the company’s stock valued at $253,000 after purchasing an additional 6,235 shares during the period. Royal Bank of Canada grew its stake in ZoomInfo Technologies by 3,837.2% in the 1st quarter. Royal Bank of Canada now owns 290,131 shares of the company’s stock valued at $2,902,000 after acquiring an additional 282,762 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in ZoomInfo Technologies in the 1st quarter worth $111,000. Goldman Sachs Group Inc. lifted its holdings in ZoomInfo Technologies by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 607,625 shares of the company’s stock valued at $6,076,000 after purchasing an additional 64,109 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of ZoomInfo Technologies in the first quarter valued at about $187,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZI stock opened at $6.21 on Friday. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $2.13 billion, a PE ratio of 207.07, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business has a 50 day simple moving average of $8.51 and a 200-day simple moving average of $9.84.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZI shares. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $8.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price objective 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 research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.38.

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.