Primecap Management Co. CA Has $52.84 Million Position in ZoomInfo Technologies Inc. $ZI

Primecap Management Co. CA lessened its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,843,471 shares of the company’s stock after selling 158,400 shares during the period. Primecap Management Co. CA’s holdings in ZoomInfo Technologies were worth $52,842,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of ZoomInfo Technologies by 88.6% in the second quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock worth $103,199,000 after acquiring an additional 4,789,566 shares during the period. Glenview Capital Management LLC raised its holdings in ZoomInfo Technologies by 28.1% during the 2nd quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock worth $165,780,000 after purchasing an additional 3,594,599 shares during the last quarter. LSV Asset Management lifted its position in shares of ZoomInfo Technologies by 64.2% in the 3rd quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock worth $81,897,000 after purchasing an additional 2,936,229 shares during the period. Norges Bank bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter valued at $16,038,000. Finally, RPD Fund Management LLC boosted its stake in shares of ZoomInfo Technologies by 23.4% in the 2nd quarter. RPD Fund Management LLC now owns 7,338,600 shares of the company’s stock valued at $74,267,000 after purchasing an additional 1,393,129 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZI has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “underperform” rating and set a $8.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Finally, KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.38.

ZoomInfo Technologies Trading Up 2.3%

NASDAQ ZI opened at $6.13 on Friday. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The business has a 50 day moving average price of $8.59 and a 200-day moving average price of $9.86. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 204.40, a P/E/G ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies Profile

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.