GSA Capital Partners LLP Buys 39,708 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

GSA Capital Partners LLP increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 248.2% in the third quarter, Holdings Channel.com reports. The fund owned 55,707 shares of the company’s stock after purchasing an additional 39,708 shares during the period. GSA Capital Partners LLP’s holdings in ZoomInfo Technologies were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZI. Janney Montgomery Scott LLC boosted its position in shares of ZoomInfo Technologies by 31.6% during the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock worth $520,000 after acquiring an additional 7,779 shares during the last quarter. Covestor Ltd boosted its position in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after acquiring an additional 2,861 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of ZoomInfo Technologies by 14.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 515,200 shares of the company’s stock worth $8,260,000 after acquiring an additional 66,025 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of ZoomInfo Technologies during the first quarter worth $201,000. Finally, Delta Global Management LP boosted its position in shares of ZoomInfo Technologies by 280.1% during the first quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after acquiring an additional 1,911,221 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 5.1 %

Shares of ZoomInfo Technologies stock opened at $9.71 on Tuesday. The firm’s 50 day moving average price is $10.53 and its 200-day moving average price is $11.20. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39. The company has a market cap of $3.55 billion, a P/E ratio of 323.77, a PEG ratio of 6.20 and a beta of 1.03.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZI shares. Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Wells Fargo & Company lowered their price objective on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Barclays lowered their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada lowered their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.72.

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.