Focus Partners Advisor Solutions LLC Takes Position in ZoomInfo Technologies Inc. $ZI

Key Points

• Focus Partners Advisor Solutions LLC acquired 27,639 shares of ZoomInfo Technologies Inc., valued at approximately $276,000, signaling institutional interest in the company.
• Other notable institutional investors, such as UMB Bank n.a. and Brooklyn Investment Group, significantly increased their stakes in ZoomInfo Technologies during the first quarter.
• Analysts have raised their price targets for ZoomInfo Technologies, with Wells Fargo and Barclays setting targets of $10.00 and $11.00, respectively, reflecting a generally positive outlook for the company's stock.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,639 shares of the company's stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of ZoomInfo Technologies by 983.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock valued at $1,126,000 after buying an additional 102,207 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of ZoomInfo Technologies during the first quarter worth approximately $51,933,000. GAMMA Investing LLC raised its stake 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 in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of ZoomInfo Technologies during the first quarter worth approximately $480,000. Finally, Woodline Partners LP purchased a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $308,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on ZI. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Piper Sandler lifted their price target on shares of 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 lifted their price target on shares of 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 issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.18.

ZoomInfo Technologies Trading Up 4.1%

NASDAQ:ZI traded up $0.42 during trading hours on Tuesday, hitting $10.65. The company had a trading volume of 4,247,618 shares, compared to its average volume of 7,578,001. The company has a market capitalization of $3.65 billion, a PE ratio of 355.12, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50-day moving average price of $10.42 and a 200 day moving average price of $9.95. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

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.