Hotchkis & Wiley Capital Management LLC Makes New Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Hotchkis & Wiley Capital Management LLC purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 609,820 shares of the company's stock, valued at approximately $6,293,000. Hotchkis & Wiley Capital Management LLC owned about 0.17% of ZoomInfo Technologies at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock worth $41,000 after buying an additional 2,134 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company's stock worth $353,000 after purchasing an additional 2,275 shares during the last quarter. J.Safra Asset Management Corp increased its position in ZoomInfo Technologies by 955.2% during the 2nd 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 during the period. KBC Group NV boosted its position in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company's stock worth $97,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in ZoomInfo Technologies during the third quarter worth $31,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded up $0.07 during midday trading on Friday, hitting $11.04. The company had a trading volume of 4,497,727 shares, compared to its average volume of 7,106,132. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 365.79, a P/E/G ratio of 14.63 and a beta of 1.02. The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $10.96. 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 $7.65 and a fifty-two week high of $19.39.

Insider Activity at ZoomInfo Technologies

In related news, CEO Henry Schuck acquired 492,500 shares of the business's stock in a transaction on Friday, November 15th. The stock was acquired at an average cost 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 $125,875,135.25. This represents a 4.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Randall Winn sold 290,541 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares of the company's stock, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZI. Daiwa America downgraded shares of ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Barclays boosted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday. Mizuho raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Piper Sandler boosted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, Daiwa Capital Markets lowered ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and an average price target of $12.77.

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.