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

State of New Jersey Common Pension Fund D boosted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 37.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,406 shares of the company’s stock after buying an additional 55,150 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ZoomInfo Technologies were worth $2,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in ZoomInfo Technologies by 8,471.7% in the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after acquiring an additional 6,611,160 shares during the last quarter. Marshall Wace LLP purchased a new position in ZoomInfo Technologies in the second quarter valued at $73,435,000. Bank of New York Mellon Corp raised its stake in ZoomInfo Technologies by 7.3% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ZoomInfo Technologies by 20.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company’s stock worth $41,279,000 after buying an additional 548,094 shares during the last quarter. Finally, Kinetic Partners Management LP boosted 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 worth $43,529,000 after acquiring an additional 1,325,500 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.23 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.97 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 $19.39. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 341.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. The stock has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $11.31.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZI shares. DA Davidson cut ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $9.50 in a research note on Tuesday, August 6th. Barclays lowered their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their price target for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Mizuho upped their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Stifel Nicolaus cut their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average price target of $12.84.

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.