Charles Schwab Investment Management Inc. Buys 86,382 Shares of ZoomInfo Technologies Inc. $ZI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in ZoomInfo Technologies Inc. by 3.9%, owning 2,299,481 shares valued at approximately $23 million.
• Institutional investors and hedge funds collectively own 95.47% of ZoomInfo Technologies, indicating significant institutional interest in the company.
• Analysts have raised their target prices for ZoomInfo Technologies, with Barclays increasing it from $9.00 to $11.00, reflecting a generally optimistic view on the stock's performance.

Charles Schwab Investment Management Inc. lifted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,299,481 shares of the company's stock after buying an additional 86,382 shares during the period. Charles Schwab Investment Management Inc. owned about 0.67% of ZoomInfo Technologies worth $22,995,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA increased its holdings in ZoomInfo Technologies by 7.3% in the first quarter. Primecap Management Co. CA now owns 4,689,906 shares of the company's stock valued at $46,899,000 after purchasing an additional 318,005 shares during the period. New Age Alpha Advisors LLC increased its holdings in ZoomInfo Technologies by 47.8% in the first quarter. New Age Alpha Advisors LLC now owns 39,175 shares of the company's stock valued at $392,000 after purchasing an additional 12,665 shares during the period. LSV Asset Management increased its holdings in ZoomInfo Technologies by 2,528.2% in the first quarter. LSV Asset Management now owns 3,159,047 shares of the company's stock valued at $31,590,000 after purchasing an additional 3,038,847 shares during the period. US Bancorp DE increased its holdings in ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after purchasing an additional 2,092 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in ZoomInfo Technologies in the first quarter valued at $172,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Down 2.2%

ZI traded down $0.23 during trading on Wednesday, reaching $10.23. 4,048,244 shares of the stock traded hands, compared to its average volume of 7,578,001. 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 stock has a market capitalization of $3.50 billion, a PE ratio of 341.11, a P/E/G ratio of 13.05 and a beta of 1.02. The stock's 50-day moving average is $10.30 and its 200 day moving average is $9.93. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZI. Piper Sandler increased their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Barclays increased their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company increased their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.18.

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.