Harber Asset Management LLC Sells 273,259 Shares of ZoomInfo Technologies Inc. $ZI

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 trimmed its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,077,441 shares of the company's stock after selling 273,259 shares during the quarter. ZoomInfo Technologies comprises approximately 3.8% of Harber Asset Management LLC's holdings, making the stock its 10th largest position. Harber Asset Management LLC owned 0.31% of ZoomInfo Technologies worth $10,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its position in 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 acquiring an additional 1,889 shares during the period. Brooklyn Investment Group increased its position in ZoomInfo Technologies by 180.5% during the first quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock worth $51,000 after acquiring an additional 3,306 shares during the period. GAMMA Investing LLC increased its position in 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 acquiring an additional 1,484 shares during the period. US Bancorp DE increased its position in ZoomInfo Technologies by 32.9% during the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock worth $85,000 after acquiring an additional 2,092 shares during the period. Finally, AlphaQuest LLC increased its position in ZoomInfo Technologies by 139.6% during the first quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock worth $102,000 after acquiring an additional 5,951 shares during the period. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

Shares of ZI traded up $0.09 during trading hours on Thursday, hitting $10.38. The stock had a trading volume of 2,736,813 shares, compared to its average volume of 7,578,001. The company's fifty day moving average is $10.39 and its two-hundred day moving average is $9.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 346.12, a P/E/G ratio of 13.05 and a beta of 1.02.

Analyst Ratings Changes

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

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.