ZoomInfo Technologies Inc. $ZI Stock Holdings Cut by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 14.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,600 shares of the company’s stock after selling 11,400 shares during the period. Handelsbanken Fonder AB’s holdings in ZoomInfo Technologies were worth $694,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC grew 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 acquiring an additional 1,886 shares during the period. Allworth Financial LP boosted its position in shares of ZoomInfo Technologies by 980.2% during the 2nd quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock valued at $34,000 after purchasing an additional 3,019 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of ZoomInfo Technologies by 180.5% during the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company’s stock valued at $51,000 after purchasing an additional 3,306 shares in the last quarter. True Wealth Design LLC grew its stake in shares of ZoomInfo Technologies by 1,202.5% in the 2nd quarter. True Wealth Design LLC now owns 6,903 shares of the company’s stock worth $70,000 after purchasing an additional 6,373 shares during the last quarter. Finally, EMC Capital Management bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter worth approximately $71,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZI shares. Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. KeyCorp reiterated an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Royal Bank Of Canada restated an “underperform” rating and issued a $8.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.31.

ZoomInfo Technologies Stock Up 2.6%

Shares of NASDAQ:ZI opened at $9.92 on Friday. The firm has a 50 day simple moving average of $10.61 and a 200 day simple moving average of $10.42. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $3.40 billion, a PE ratio of 330.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

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.