Invesco Ltd. Grows Position in ZoomInfo Technologies Inc. $ZI

Key Points

• Invesco Ltd. increased its stake in ZoomInfo Technologies Inc. by 41.7%, acquiring an additional 238,704 shares, bringing its total ownership to 811,571 shares, valued at approximately $8.12 million.
• Institutional investors own 95.47% of ZoomInfo Technologies' stock, with significant recent investments from firms such as Jericho Capital Asset Management and Deutsche Bank AG, the latter increasing its position by over 21,000%.
• Analyst ratings for ZoomInfo Technologies show a consensus "Hold" rating, with price targets increased by firms such as Wells Fargo and Barclays, suggesting potential growth in the stock price to around $11.18.

Invesco Ltd. lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 41.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 811,571 shares of the company's stock after buying an additional 238,704 shares during the quarter. Invesco Ltd. owned about 0.24% of ZoomInfo Technologies worth $8,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZI. GAMMA Investing LLC increased its position 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 period. UMB Bank n.a. increased its position 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 period. US Bancorp DE increased its position 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 period. Wedmont Private Capital increased its position 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 period. Finally, State of Tennessee Department of Treasury increased its position in shares of 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 purchasing an additional 2,294 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Trading Up 5.1%

ZoomInfo Technologies stock traded up $0.52 during mid-day trading on Thursday, hitting $10.75. 2,864,351 shares of the stock were exchanged, compared to its average volume of 7,578,001. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 358.45, 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 company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm's fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $9.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZI shares. Wells Fargo & Company raised their price target on shares of 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 shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Barclays raised their price target 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. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.18.

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.