Assenagon Asset Management S.A. Increases Stock Holdings in ZoomInfo Technologies Inc. $ZI

Assenagon Asset Management S.A. raised its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 127.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 580,061 shares of the company’s stock after purchasing an additional 325,023 shares during the period. Assenagon Asset Management S.A. owned 0.17% of ZoomInfo Technologies worth $6,328,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZI. AQR Capital Management LLC raised its position in shares of ZoomInfo Technologies by 1,632.1% in the 1st quarter. AQR Capital Management LLC now owns 5,407,960 shares of the company’s stock worth $53,674,000 after buying an additional 5,095,746 shares during the period. Glenview Capital Management LLC grew its position in ZoomInfo Technologies by 28.1% during the second quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock valued at $165,780,000 after acquiring an additional 3,594,599 shares during the period. Park West Asset Management LLC purchased a new position in shares of ZoomInfo Technologies in the 1st quarter worth about $26,599,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of ZoomInfo Technologies by 250.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,625,000 shares of the company’s stock valued at $26,250,000 after purchasing an additional 1,875,000 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of ZoomInfo Technologies during the 2nd quarter worth about $16,038,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

ZI has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $8.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.31.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $10.27 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The business has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $10.45. The firm has a market cap of $3.52 billion, a PE ratio of 342.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

About ZoomInfo Technologies

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.