Valueworks LLC Buys New Stake in ZoomInfo Technologies Inc. $ZI

Valueworks LLC bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the second quarter, HoldingsChannel.com reports. The fund bought 200,000 shares of the company’s stock, valued at approximately $586,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC bought a new position in ZoomInfo Technologies during the third quarter worth about $90,000. Cubist Systematic Strategies LLC bought a new stake in shares of ZoomInfo Technologies in the 1st quarter valued at approximately $111,000. Certuity LLC bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $129,000. Vise Technologies Inc. grew its stake in shares of ZoomInfo Technologies by 26.1% in the 3rd quarter. Vise Technologies Inc. now owns 13,006 shares of the company’s stock valued at $142,000 after purchasing an additional 2,690 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of ZoomInfo Technologies in the 2nd quarter worth approximately $149,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZI shares. Jefferies Financial Group downgraded ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 target price for the company. in a research report on Thursday, May 21st. UBS Group reiterated a “neutral” rating and issued a $4.50 price target on shares of ZoomInfo Technologies in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Reduce” and an average price target of $5.50.

ZoomInfo Technologies Trading Down 1.6%

Shares of ZoomInfo Technologies stock opened at $3.80 on Friday. ZoomInfo Technologies Inc. has a 12-month low of $8.12 and a 12-month high of $10.38. The stock has a market capitalization of $1.30 billion, a P/E ratio of 126.71, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The company has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $4.62. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.