Maryland State Retirement & Pension System Sells 4,544 Shares of ZoomInfo Technologies Inc. $ZI

Maryland State Retirement & Pension System lessened its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 25.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,281 shares of the company’s stock after selling 4,544 shares during the period. Maryland State Retirement & Pension System’s holdings in ZoomInfo Technologies were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after buying an additional 1,889 shares in the last quarter. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 28.8% in the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock valued at $66,000 after acquiring an additional 1,484 shares in the last quarter. US Bancorp DE grew its holdings in ZoomInfo Technologies by 32.9% in 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 during the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new position in shares of ZoomInfo Technologies during the first quarter worth $103,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at $109,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZI has been the topic of several research analyst reports. Piper Sandler boosted their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Barclays raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus target price of $11.18.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.55 on Wednesday. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 351.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business has a fifty day moving average of $10.25 and a two-hundred day moving average of $9.92.

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.