Focus Partners Advisor Solutions LLC Makes New Investment 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 bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,639 shares of the company's stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of ZoomInfo Technologies by 28.8% in the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after purchasing an additional 1,484 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after purchasing an additional 1,889 shares during the last quarter. US Bancorp DE grew its holdings in shares of ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock worth $85,000 after purchasing an additional 2,092 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of ZoomInfo Technologies by 18.8% in the first 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, Impax Asset Management Group plc grew its holdings in shares of ZoomInfo Technologies by 3.6% in the first quarter. Impax Asset Management Group plc now owns 66,701 shares of the company's stock worth $667,000 after purchasing an additional 2,295 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Up 3.1%

Shares of NASDAQ ZI traded up $0.35 during mid-day trading on Friday, reaching $11.75. The company had a trading volume of 5,500,812 shares, compared to its average volume of 7,578,001. The business's 50-day moving average is $10.49 and its 200-day moving average is $9.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 391.80, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week high of $13.39.

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.