Hotchkis & Wiley Capital Management LLC Cuts Stake in ZoomInfo Technologies Inc. $ZI

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its holdings in ZoomInfo Technologies by 4.7%, owning approximately $6.50 million worth of the company at the end of the first quarter.
• Recent reports from analysts, including Barclays and Piper Sandler, have **increased their price targets** for ZoomInfo Technologies to between $10.00 and $11.00, indicating a generally positive outlook.
• With **95.47%** of ZoomInfo's stock currently held by institutional investors and hedge funds, the company shows strong institutional interest amid varying ratings from equity research analysts.

Hotchkis & Wiley Capital Management LLC reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 650,360 shares of the company's stock after selling 31,760 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.19% of ZoomInfo Technologies worth $6,504,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ZI. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies in the 4th quarter valued at about $116,622,000. Deutsche Bank AG grew its position in shares of ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after purchasing an additional 10,181,253 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of ZoomInfo Technologies during the 1st quarter worth approximately $51,933,000. RPD Fund Management LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $43,264,000. Finally, LSV Asset Management boosted its position in shares of ZoomInfo Technologies by 2,528.2% during the 1st quarter. LSV Asset Management now owns 3,159,047 shares of the company's stock worth $31,590,000 after acquiring an additional 3,038,847 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded up $0.52 during midday trading on Thursday, hitting $10.75. The company's stock had a trading volume of 2,864,351 shares, compared to its average volume of 7,578,001. The stock has a fifty day moving average price of $10.32 and a 200 day moving average price of $9.93. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 358.45, a P/E/G ratio of 13.05 and a beta of 1.02.

Wall Street Analyst Weigh In

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