Valueworks LLC Buys Shares of 200,000 ZoomInfo Technologies Inc. $ZI

Valueworks LLC purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 200,000 shares of the company’s stock, valued at approximately $586,000. Valueworks LLC owned 0.06% of ZoomInfo Technologies as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ZI. Amundi boosted its position in shares of ZoomInfo Technologies by 12.5% in the second quarter. Amundi now owns 100,936 shares of the company’s stock valued at $1,013,000 after acquiring an additional 11,205 shares during the period. Brevan Howard Capital Management LP bought a new position in ZoomInfo Technologies during the second quarter worth $903,000. Caption Management LLC bought a new position in ZoomInfo Technologies during the third quarter worth $829,000. Cresset Asset Management LLC raised its stake in ZoomInfo Technologies by 133.3% during the 3rd quarter. Cresset Asset Management LLC now owns 51,826 shares of the company’s stock valued at $565,000 after purchasing an additional 29,610 shares during the last quarter. Finally, Creative Planning raised its stake in ZoomInfo Technologies by 24.4% during the 3rd quarter. Creative Planning now owns 49,045 shares of the company’s stock valued at $535,000 after purchasing an additional 9,605 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $4.50 price target on shares of ZoomInfo Technologies in a report on Thursday, August 6th. Jefferies Financial Group downgraded shares of ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 price objective on the stock. in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $5.50.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $3.80 on Friday. ZoomInfo Technologies Inc. has a 12 month low of $8.12 and a 12 month high of $10.38. The company has a market capitalization of $1.30 billion, a P/E ratio of 126.71, a P/E/G ratio of 13.05 and a beta of 1.02. The stock has a 50 day moving average of $3.32 and a two-hundred day moving average of $4.62. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

About ZoomInfo Technologies

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.