LSV Asset Management Grows Position in ZoomInfo Technologies Inc. $ZI

LSV Asset Management increased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 44.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,570,400 shares of the company’s stock after purchasing an additional 1,411,353 shares during the period. LSV Asset Management owned 1.34% of ZoomInfo Technologies worth $46,252,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of ZoomInfo Technologies by 13.1% during the 1st quarter. Victory Capital Management Inc. now owns 184,736 shares of the company’s stock valued at $1,847,000 after buying an additional 21,468 shares in the last quarter. Allianz Asset Management GmbH lifted its position in ZoomInfo Technologies by 4.8% during the 1st quarter. Allianz Asset Management GmbH now owns 237,869 shares of the company’s stock valued at $2,379,000 after acquiring an additional 10,990 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in ZoomInfo Technologies during the 1st quarter valued at about $1,575,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ZoomInfo Technologies by 8.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,578 shares of the company’s stock worth $716,000 after acquiring an additional 5,523 shares in the last quarter. Finally, Fielder Capital Group LLC purchased a new stake in ZoomInfo Technologies in the first quarter worth about $124,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

ZI stock opened at $9.62 on Wednesday. The stock’s 50 day simple moving average is $10.96 and its 200 day simple moving average is $10.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The stock has a market capitalization of $3.29 billion, a PE ratio of 320.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a $8.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Finally, Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Four research 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’s stock. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $11.31.

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.