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Nuveen LLC Makes New $7.57 Million Investment in ZoomInfo Technologies Inc. $ZI

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Key Points

  • Nuveen LLC has acquired a new stake in ZoomInfo Technologies worth approximately $7.57 million, owning 756,797 shares which accounts for 0.22% of the company.
  • Research analysts have increased their price targets for ZoomInfo Technologies, with new targets set between $10.00 and $11.00 while the consensus rating remains a "Hold".
  • ZoomInfo Technologies' shares opened at $10.75 and have shown a significant increase of 6.4% recently, alongside having a market cap of $3.68 billion.
  • Looking to export and analyze ZoomInfo Technologies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Nuveen LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 756,797 shares of the company's stock, valued at approximately $7,568,000. Nuveen LLC owned about 0.22% of ZoomInfo Technologies as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Jericho Capital Asset Management L.P. bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $116,622,000. Deutsche Bank AG increased its holdings in shares of ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after purchasing an additional 10,181,253 shares in the last quarter. RPD Fund Management LLC purchased a new position in shares of ZoomInfo Technologies in the fourth quarter worth $43,264,000. LSV Asset Management lifted its holdings in shares of ZoomInfo Technologies by 2,528.2% during the first quarter. LSV Asset Management now owns 3,159,047 shares of the company's stock valued at $31,590,000 after purchasing an additional 3,038,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of ZoomInfo Technologies by 67.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after buying an additional 2,118,297 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZI shares. Piper Sandler boosted their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Barclays increased 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 report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.18.

Read Our Latest Stock Analysis on ZoomInfo Technologies

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded down $0.23 during mid-day trading on Wednesday, hitting $10.23. 4,048,244 shares of the company traded hands, compared to its average volume of 7,578,001. 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 stock's fifty day moving average price is $10.30 and its 200-day moving average price is $9.93. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 341.11, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39.

About ZoomInfo Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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