Circumference Group LLC Has $3.85 Million Holdings in ZoomInfo Technologies Inc. $ZI

Key Points

• Circumference Group LLC reduced its holdings in ZoomInfo Technologies Inc. by 11.5%, now owning 385,000 shares valued at approximately $3.85 million.
• Institutional investors own a significant 95.47% of ZoomInfo Technologies, with notable increases in holdings from firms like Deutsche Bank AG and AQR Capital Management.
• Wall Street analysts have optimistic forecasts for the company's stock, raising price objectives and predominantly rating it as a "Hold" with an average target of $11.18.

Circumference Group LLC decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 385,000 shares of the company's stock after selling 50,000 shares during the quarter. ZoomInfo Technologies accounts for approximately 4.7% of Circumference Group LLC's portfolio, making the stock its 12th largest position. Circumference Group LLC owned about 0.11% of ZoomInfo Technologies worth $3,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after buying an additional 1,484 shares during the period. UMB Bank n.a. grew its stake in shares of ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after purchasing an additional 1,889 shares in the last quarter. US Bancorp DE increased its holdings in ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after buying an additional 2,092 shares during the last quarter. Wedmont Private Capital increased its holdings in ZoomInfo Technologies by 18.8% in the first quarter. Wedmont Private Capital now owns 14,386 shares of the company's stock valued at $144,000 after buying an additional 2,272 shares during the last quarter. Finally, Impax Asset Management Group plc raised its stake in ZoomInfo Technologies by 3.6% in the first quarter. Impax Asset Management Group plc now owns 66,701 shares of the company's stock valued at $667,000 after buying an additional 2,295 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ZI. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler lifted their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Barclays raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.18.

ZoomInfo Technologies Trading Up 4.1%

Shares of NASDAQ ZI traded up $0.42 during mid-day trading on Tuesday, hitting $10.65. 4,247,618 shares of the company traded hands, compared to its average volume of 7,578,001. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 355.12, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year 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. The business has a 50 day moving average of $10.41 and a two-hundred day moving average of $9.94.

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.