Harber Asset Management LLC Buys 634,551 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Harber Asset Management LLC raised its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 79.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,437,847 shares of the company’s stock after purchasing an additional 634,551 shares during the quarter. ZoomInfo Technologies accounts for 4.4% of Harber Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Harber Asset Management LLC’s holdings in ZoomInfo Technologies were worth $14,839,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ZI. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies during the third quarter valued at $31,000. J.Safra Asset Management Corp grew its stake in ZoomInfo Technologies by 955.2% in the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at $37,000. GAMMA Investing LLC increased its position in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after acquiring an additional 2,134 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of ZoomInfo Technologies during the 1st quarter valued at about $85,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 3.8 %

Shares of ZoomInfo Technologies stock opened at $11.36 on Tuesday. The business has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $10.99. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. 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 company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 378.79, a P/E/G ratio of 14.29 and a beta of 1.02.

Wall Street Analysts Forecast Growth

ZI has been the topic of several recent research reports. Mizuho upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $9.50 in a research report on Tuesday, August 6th. Wells Fargo & Company lowered their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Daiwa America downgraded shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and a consensus target price of $12.72.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 492,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.20% of the company’s stock.

About ZoomInfo Technologies

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.