ZoomInfo Technologies Inc. $ZI Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. reduced its stake in ZoomInfo Technologies by 23.3%, holding 255,038 shares worth $2.58 million after selling 77,425 shares in the second quarter.
• Institutional investors comprise 95.47% of ZoomInfo's stock ownership, with notable increases in holdings from Wealth Enhancement Advisory Services LLC and others during the first quarter.
• ZoomInfo's current stock price is $11.51, and it has seen a twelve-month trading range between $7.01 and $13.39, with a market capitalization of $3.94 billion.

Assenagon Asset Management S.A. lowered its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 23.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,038 shares of the company's stock after selling 77,425 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of ZoomInfo Technologies worth $2,581,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ZI. Wealth Enhancement Advisory Services LLC grew its holdings in ZoomInfo Technologies by 983.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock valued at $1,126,000 after purchasing an additional 102,207 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of ZoomInfo Technologies in the 1st quarter valued at $51,933,000. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after buying an additional 1,484 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of ZoomInfo Technologies during the 1st quarter valued at $480,000. Finally, Merit Financial Group LLC acquired a new stake in shares of ZoomInfo Technologies during the 1st quarter worth $500,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $11.51 on Friday. The business's fifty day moving average price is $10.78 and its 200 day moving average price is $10.00. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month 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 stock has a market capitalization of $3.94 billion, a P/E ratio of 383.79, a PEG ratio of 13.05 and a beta of 1.02.

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.

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