ZoomInfo Technologies Inc. $ZI Shares Bought by Comerica Bank

Key Points

• Comerica Bank increased its stake in ZoomInfo Technologies by 122.3%, acquiring an additional 97,100 shares, bringing its total ownership to 176,476 shares valued at approximately $1.77 million.
• Multiple institutional investors, including Crescent Park Management and Brooklyn Investment Group, have significantly enhanced their positions in ZoomInfo, with institutional ownership of the company now at 95.47%.
• Analysts are optimistic about ZoomInfo Technologies, with price targets raised by firms such as Piper Sandler and Barclays, now averaging around $11.18, reflecting a mixed overall rating of "Hold" from analysts.

Comerica Bank raised its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 122.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,476 shares of the company's stock after buying an additional 97,100 shares during the quarter. Comerica Bank owned about 0.05% of ZoomInfo Technologies worth $1,765,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZI. UMB Bank n.a. grew its holdings 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 buying an additional 1,889 shares in the last quarter. Brooklyn Investment Group grew its holdings in ZoomInfo Technologies by 180.5% during the 1st quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock valued at $51,000 after buying an additional 3,306 shares in the last quarter. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after buying an additional 1,484 shares in the last quarter. US Bancorp DE grew its holdings 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 buying an additional 2,092 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in ZoomInfo Technologies by 139.6% during the 1st quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock valued at $102,000 after buying an additional 5,951 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 1.1%

Shares of NASDAQ:ZI traded up $0.11 on Monday, reaching $10.23. The company had a trading volume of 2,661,203 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The firm's 50 day simple moving average is $10.41 and its 200-day simple moving average is $9.94. The firm has a market capitalization of $3.50 billion, a PE ratio of 341.11, a PEG 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.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ZI. Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Piper Sandler raised their price target on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Barclays raised 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 investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus price target of $11.18.

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.