Harber Asset Management LLC grew its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 79.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,437,847 shares of the company’s stock after purchasing an additional 634,551 shares during the period. ZoomInfo Technologies makes up about 4.4% of Harber Asset Management LLC’s holdings, making the stock its 10th largest position. Harber Asset Management LLC owned about 0.39% of ZoomInfo Technologies worth $14,839,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after acquiring an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of ZoomInfo Technologies by 8,471.7% during the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after purchasing an additional 6,611,160 shares in the last quarter. Marshall Wace LLP bought a new position in ZoomInfo Technologies in the 2nd quarter valued at $73,435,000. Maverick Capital Ltd. bought a new stake in ZoomInfo Technologies in the third quarter valued at about $44,248,000. Finally, Primecap Management Co. CA boosted its position in shares of ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after buying an additional 1,267,171 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.
ZoomInfo Technologies Stock Up 3.8 %
Shares of NASDAQ ZI opened at $11.36 on Tuesday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 378.79, a price-to-earnings-growth ratio of 14.29 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The business has a 50-day moving average of $10.60 and a two-hundred day moving average of $10.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.
Insider Activity at ZoomInfo Technologies
Wall Street Analyst Weigh In
ZI has been the topic of several recent analyst reports. Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and decreased their price target for the company from $23.00 to $8.00 in a research note on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. KeyCorp lowered ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Truist Financial cut their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price target on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and a consensus target price of $12.72.
Read Our Latest Stock Report on ZoomInfo Technologies
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.
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