Cramer Rosenthal Mcglynn LLC Has $20.47 Million Position in ZoomInfo Technologies Inc. $ZI

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in ZoomInfo Technologies Inc. by 11.9%, purchasing an additional 218,416 shares during the first quarter, bringing their total ownership to about 2,046,800 shares valued at approximately $20.5 million.
• Several other hedge funds also raised their positions in ZoomInfo Technologies, with notable increases from UMB Bank n.a. at 125.3% and Brooklyn Investment Group at 180.5%.
• ZoomInfo Technologies has seen varying price targets from analysts, with upgrades resulting in targets ranging from $10.00 to $11.00 and an average rating of "Hold".

Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,046,800 shares of the company's stock after buying an additional 218,416 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.60% of ZoomInfo Technologies worth $20,468,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ZI. Wells Fargo & Company MN increased its position in ZoomInfo Technologies by 160.8% during the fourth quarter. Wells Fargo & Company MN now owns 39,545 shares of the company's stock worth $416,000 after buying an additional 24,381 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of ZoomInfo Technologies by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 153,450 shares of the company's stock valued at $1,613,000 after purchasing an additional 3,891 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of ZoomInfo Technologies by 34.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,187 shares of the company's stock valued at $328,000 after purchasing an additional 7,916 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its position in shares of ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock valued at $1,008,000 after purchasing an additional 2,294 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ZI shares. Piper Sandler upped their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Barclays upped their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.18.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded down $0.23 during trading hours on Wednesday, reaching $10.23. 4,048,244 shares of the company were exchanged, compared to its average volume of 7,578,001. The company has a market capitalization of $3.50 billion, a P/E ratio of 341.11, a P/E/G 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 debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50 day moving average of $10.30 and a 200 day moving average of $9.93.

ZoomInfo Technologies 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.