ZoomInfo Technologies Inc. $ZI Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 38.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,253 shares of the company’s stock after buying an additional 18,248 shares during the period. Teacher Retirement System of Texas’ holdings in ZoomInfo Technologies were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Fielder Capital Group LLC lifted its position in shares of ZoomInfo Technologies by 7.7% during the 2nd quarter. Fielder Capital Group LLC now owns 13,406 shares of the company’s stock valued at $136,000 after acquiring an additional 959 shares during the period. Ethic Inc. increased its stake in ZoomInfo Technologies by 6.1% in the 2nd quarter. Ethic Inc. now owns 32,274 shares of the company’s stock valued at $326,000 after purchasing an additional 1,858 shares in the last quarter. Parallel Advisors LLC raised its holdings in ZoomInfo Technologies by 143.6% during the second quarter. Parallel Advisors LLC now owns 3,199 shares of the company’s stock worth $32,000 after purchasing an additional 1,886 shares during the last quarter. Easterly Investment Partners LLC boosted its position in ZoomInfo Technologies by 1.6% during the second quarter. Easterly Investment Partners LLC now owns 128,215 shares of the company’s stock worth $1,298,000 after purchasing an additional 2,050 shares in the last quarter. Finally, US Bancorp DE boosted its position in ZoomInfo Technologies by 32.9% during the first quarter. US Bancorp DE now owns 8,458 shares of the company’s stock worth $85,000 after purchasing an additional 2,092 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday. Royal Bank Of Canada restated an “underperform” rating and set a $8.00 target price on shares of ZoomInfo Technologies in a report on Tuesday. Jefferies Financial Group restated a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday. Finally, KeyCorp reiterated an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.31.

ZoomInfo Technologies Trading Down 1.2%

Shares of ZI stock opened at $10.58 on Friday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 352.62, a PEG ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $10.99 and a 200 day moving average price of $10.33. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39.

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.