ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock Position Raised by LSV Asset Management

Key Points

• LSV Asset Management increased its stake in ZoomInfo Technologies by a staggering 2,528.2% in Q1, acquiring an additional 3,038,847 shares, bringing its total holdings to over 3.1 million shares valued at approximately $31.59 million.
• Several institutional investors have also boosted their positions in ZoomInfo, contributing to a total of 95.47% institutional ownership of the stock.
• Analysts have lowered their price targets for ZoomInfo Technologies, with Mizuho and DA Davidson setting new targets at $9.00 and $8.00 respectively, while the stock has an average price target of $10.63.

LSV Asset Management grew its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 2,528.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,159,047 shares of the company's stock after purchasing an additional 3,038,847 shares during the period. LSV Asset Management owned about 0.92% of ZoomInfo Technologies worth $31,590,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ZI. Jericho Capital Asset Management L.P. acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $116,622,000. Deutsche Bank AG increased its stake 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 during the last quarter. Hood River Capital Management LLC bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $48,336,000. RPD Fund Management LLC bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $43,264,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of ZoomInfo Technologies by 67.9% during 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 during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZI has been the subject of a number of recent research reports. Mizuho cut their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays upped their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company increased their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.63.

ZoomInfo Technologies Stock Down 8.0%

Shares of ZI stock traded down $0.85 during trading hours on Wednesday, reaching $9.80. 18,707,268 shares of the stock were exchanged, compared to its average volume of 7,578,001. The firm has a market capitalization of $3.35 billion, a P/E ratio of 326.78, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month 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's fifty day moving average is $10.20 and its two-hundred day moving average is $9.93.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $305.70 million during the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current fiscal year.

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.