Park West Asset Management LLC Makes New Investment in ZoomInfo Technologies Inc. $ZI

Key Points

• Park West Asset Management LLC acquired 2,659,900 shares of ZoomInfo Technologies Inc. valued at approximately $26.6 million, making it the firm's 20th largest holding.
• ZoomInfo Technologies stock has seen recent attention from analysts, with several firms raising their price targets, indicating an average target price of $11.18.
• The stock is currently down 2.5% with a market cap of $3.46 billion, facing a price-to-earnings ratio of 337.45 and a beta of 1.02.

Park West Asset Management LLC acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,659,900 shares of the company's stock, valued at approximately $26,599,000. ZoomInfo Technologies comprises 2.1% of Park West Asset Management LLC's portfolio, making the stock its 20th largest holding. Park West Asset Management LLC owned 0.78% of ZoomInfo Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in ZoomInfo Technologies by 20.7% during the 4th quarter. Northern Trust Corp now owns 2,465,962 shares of the company's stock worth $25,917,000 after purchasing an additional 422,683 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of ZoomInfo Technologies by 107.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 49,633 shares of the company's stock worth $522,000 after buying an additional 25,691 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in ZoomInfo Technologies in the 4th quarter valued at about $3,870,000. Baird Financial Group Inc. acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $200,000. Finally, Crestline Management LP bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $1,229,000. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ ZI traded up $0.85 during midday trading on Thursday, hitting $11.40. The company had a trading volume of 13,413,133 shares, compared to its average volume of 7,578,001. The firm has a 50-day moving average price of $10.43 and a 200-day moving average price of $9.95. The company has a market capitalization of $3.90 billion, a PE ratio of 380.13, a P/E/G ratio of 13.05 and a beta of 1.02. 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 twelve month low of $7.01 and a twelve month high of $13.39.

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.