Fox Run Management L.L.C. Takes Position in ZoomInfo Technologies Inc. $ZI

Key Points

• Fox Run Management L.L.C. invested approximately $636,000 in 63,598 shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the first quarter.
• Several large investors increased their stakes in ZoomInfo, with Vestmark Advisory Solutions growing by 53.4% and Nuveen LLC entering with a valuation of around $7.57 million.
• Research analysts have raised their price targets for ZoomInfo, with Wells Fargo setting a new target at $10.00 and Piper Sandler at $11.00, reflecting a generally positive sentiment on the stock.

Fox Run Management L.L.C. bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 63,598 shares of the company's stock, valued at approximately $636,000.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 1,484 shares during the period. UMB Bank n.a. boosted its holdings in shares of ZoomInfo Technologies by 125.3% during 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 period. US Bancorp DE boosted its holdings in shares of ZoomInfo Technologies by 32.9% during 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 period. Wedmont Private Capital raised its stake in 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 buying an additional 2,272 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in 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 worth $1,008,000 after buying an additional 2,294 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZI has been the subject of several research analyst reports. Barclays raised their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned 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 Stock Up 1.2%

Shares of ZI stock traded up $0.12 during trading hours on Tuesday, hitting $10.55. 4,958,380 shares of the company's stock traded hands, compared to its average volume of 7,578,001. The stock's fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $9.92. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 351.78, a PEG ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.