ZoomInfo Technologies Inc. $ZI Shares Purchased by Charles Schwab Investment Management Inc.

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. grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after acquiring an additional 1,484 shares during the last quarter. UMB Bank n.a. boosted its stake in ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after purchasing an additional 1,889 shares during the period. US Bancorp DE boosted its stake in ZoomInfo Technologies by 32.9% during the 1st 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. Wedmont Private Capital grew its position in ZoomInfo Technologies by 18.8% in the 1st quarter. Wedmont Private Capital now owns 14,386 shares of the company's stock worth $144,000 after purchasing an additional 2,272 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its stake in shares of ZoomInfo Technologies by 2.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 95,894 shares of the company's stock valued at $1,008,000 after purchasing an additional 2,294 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI traded up $0.65 during midday trading on Friday, hitting $10.75. 3,426,500 shares of the stock were exchanged, compared to its average volume of 7,578,001. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 358.45, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The business has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $9.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Piper Sandler boosted their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Barclays increased their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and an average target price of $11.18.

ZoomInfo Technologies Company 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.