Fox Run Management L.L.C. Takes $636,000 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. acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 63,598 shares of the company's stock, valued at approximately $636,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jericho Capital Asset Management L.P. bought a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $116,622,000. Deutsche Bank AG raised its stake in ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock valued at $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after purchasing an additional 2,118,297 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of ZoomInfo Technologies by 7.3% in the first quarter. Primecap Management Co. CA now owns 4,689,906 shares of the company's stock valued at $46,899,000 after buying an additional 318,005 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in ZoomInfo Technologies in the fourth quarter worth approximately $48,336,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

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

ZoomInfo Technologies Price Performance

Shares of ZI stock remained flat at $10.10 during trading hours on Friday. 3,890,740 shares of the stock traded hands, compared to its average volume of 7,578,001. The stock has a market cap of $3.46 billion, a PE ratio of 336.78, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The firm has a 50 day moving average price of $10.25 and a 200 day moving average price of $9.92. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

About ZoomInfo Technologies

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.