ZoomInfo Technologies Inc. $ZI Holdings Lifted by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lifted its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 27.4% in the third quarter, Holdings Channel reports. The firm owned 3,598,447 shares of the company’s stock after acquiring an additional 773,801 shares during the period. ZoomInfo Technologies accounts for approximately 2.4% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 7th biggest position. Cramer Rosenthal Mcglynn LLC’s holdings in ZoomInfo Technologies were worth $39,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Glenview Capital Management LLC raised its stake 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 valued at $165,780,000 after acquiring an additional 3,594,599 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ZoomInfo Technologies by 13.4% in the third quarter. Dimensional Fund Advisors LP now owns 10,488,498 shares of the company’s stock valued at $114,449,000 after buying an additional 1,241,776 shares in the last quarter. AQR Capital Management LLC grew its stake in ZoomInfo Technologies by 88.6% in the 2nd quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock valued at $103,199,000 after acquiring an additional 4,789,566 shares during the last quarter. State Street Corp grew its position in shares of ZoomInfo Technologies by 1.5% in the second quarter. State Street Corp now owns 8,703,692 shares of the company’s stock valued at $88,081,000 after purchasing an additional 129,548 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of ZoomInfo Technologies by 64.2% in the third quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock valued at $81,897,000 after purchasing an additional 2,936,229 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $6.24 on Friday. The stock has a market capitalization of $2.14 billion, a P/E ratio of 208.07, a P/E/G ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. 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 firm’s 50-day moving average is $8.19 and its two-hundred day moving average is $9.74.

Analysts Set New Price Targets

Separately, KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.38.

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.