ZoomInfo Technologies Inc. $ZI Shares Sold by Harber Asset Management LLC

Key Points

• Harber Asset Management LLC has reduced its stake in ZoomInfo Technologies by 20.2%, selling 273,259 shares and now holding approximately 1,077,441 shares, accounting for 3.8% of its total holdings.
• Several other hedge funds increased their investments in ZoomInfo, with notable boosts from GAMMA Investing LLC (28.8%) and UMB Bank n.a. (125.3%) during the first quarter.
• Analysts have upgraded their price targets for ZoomInfo Technologies, with the consensus target reaching $11.18 and ratings including three “Buy,” seven “Hold,” and two “Sell.”

Harber Asset Management LLC decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,077,441 shares of the company's stock after selling 273,259 shares during the period. ZoomInfo Technologies comprises approximately 3.8% of Harber Asset Management LLC's holdings, making the stock its 10th largest holding. Harber Asset Management LLC owned 0.31% of ZoomInfo Technologies worth $10,774,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after buying an additional 10,181,253 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of ZoomInfo Technologies in the 1st quarter worth approximately $51,933,000. RPD Fund Management LLC acquired a new position in shares of ZoomInfo Technologies in the 4th quarter worth approximately $43,264,000. LSV Asset Management raised its holdings in shares of ZoomInfo Technologies by 2,528.2% in the 1st quarter. LSV Asset Management now owns 3,159,047 shares of the company's stock worth $31,590,000 after buying an additional 3,038,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Ratings Changes

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

ZoomInfo Technologies Stock Up 0.0%

Shares of NASDAQ ZI traded up $0.01 during mid-day trading on Monday, hitting $10.90. The company had a trading volume of 3,652,706 shares, compared to its average volume of 7,578,001. The company has a market capitalization of $3.73 billion, a PE ratio of 363.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The firm has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $9.93. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39.

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.