LSV Asset Management Buys 1,411,353 Shares of ZoomInfo Technologies Inc. $ZI

LSV Asset Management increased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 44.7% in the 2nd quarter, Holdings Channel reports. The firm owned 4,570,400 shares of the company’s stock after buying an additional 1,411,353 shares during the period. LSV Asset Management’s holdings in ZoomInfo Technologies were worth $46,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in ZoomInfo Technologies by 143.6% in the 2nd 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 period. Allworth Financial LP boosted its stake in shares of ZoomInfo Technologies by 980.2% in the 2nd quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock worth $34,000 after buying an additional 3,019 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of ZoomInfo Technologies by 180.5% in the first quarter. Brooklyn Investment Group now owns 5,138 shares of the company’s stock worth $51,000 after acquiring an additional 3,306 shares during the period. True Wealth Design LLC grew its holdings in shares of ZoomInfo Technologies by 1,202.5% in the second quarter. True Wealth Design LLC now owns 6,903 shares of the company’s stock worth $70,000 after acquiring an additional 6,373 shares during the period. Finally, US Bancorp DE increased 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 valued at $85,000 after acquiring an additional 2,092 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ZI shares. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. KeyCorp restated an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a $8.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.31.

ZoomInfo Technologies Stock Down 5.7%

NASDAQ ZI opened at $9.62 on Wednesday. The stock’s 50-day moving average price is $10.96 and its 200-day moving average price is $10.42. The company has a market capitalization of $3.29 billion, a P/E ratio of 320.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. 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 $7.01 and a 52 week high of $13.39.

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.