Hussman Strategic Advisors Inc. Invests $1.15 Million in ZoomInfo Technologies Inc. $ZI

Hussman Strategic Advisors Inc. acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 105,000 shares of the company’s stock, valued at approximately $1,146,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of ZoomInfo Technologies by 569.1% in the third quarter. SG Americas Securities LLC now owns 138,053 shares of the company’s stock valued at $1,506,000 after buying an additional 117,420 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of ZoomInfo Technologies by 105.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,274,630 shares of the company’s stock worth $12,899,000 after buying an additional 654,363 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in ZoomInfo Technologies by 81.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 545,083 shares of the company’s stock valued at $5,947,000 after acquiring an additional 244,092 shares during the last quarter. Norges Bank purchased a new position in ZoomInfo Technologies during the 2nd quarter valued at about $16,038,000. Finally, Bank of New York Mellon Corp raised its position in ZoomInfo Technologies by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 2,320,334 shares of the company’s stock worth $23,482,000 after acquiring an additional 153,332 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ZI has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada reissued an “underperform” rating and set a $8.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.31.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $8.72 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of 290.76, a P/E/G ratio of 13.05 and a beta of 1.02. The business has a fifty day simple moving average of $9.82 and a 200-day simple moving average of $10.41. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. 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 Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.