Assenagon Asset Management S.A. Sells 167,336 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Assenagon Asset Management S.A. lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 384,825 shares of the company’s stock after selling 167,336 shares during the period. Assenagon Asset Management S.A. owned about 0.11% of ZoomInfo Technologies worth $4,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Everence Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $163,000. GAMMA Investing LLC grew its holdings in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares during the last quarter. American Trust bought a new stake in shares of ZoomInfo Technologies during the third quarter worth about $104,000. SkyView Investment Advisors LLC bought a new stake in shares of ZoomInfo Technologies during the third quarter worth about $129,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of ZoomInfo Technologies by 11.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,031 shares of the company’s stock worth $1,703,000 after purchasing an additional 17,060 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $10.10 on Tuesday. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $18.69. The firm has a 50 day moving average of $10.63 and a 200-day moving average of $10.50. 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 $3.47 billion, a price-to-earnings ratio of 336.78, a price-to-earnings-growth ratio of 12.32 and a beta of 1.01.

Insider Buying and Selling

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the transaction, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays boosted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Citigroup boosted their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Piper Sandler reissued an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th. Finally, Mizuho increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.57.

ZoomInfo Technologies Profile

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.