ZoomInfo Technologies Inc. $ZI Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in ZoomInfo Technologies by 0.7%, now owning approximately 27.67 million shares valued at about $276.74 million.
• Various large investors, including Wells Fargo and Bank of Montreal, have increased their stakes in ZoomInfo Technologies, with Wells Fargo's position rising by 160.8% in the last quarter.
• Analysts have raised their target prices for ZoomInfo Technologies, with the consensus target now at $11.18, reflecting a mix of "hold," "buy," and "sell" ratings from market analysts.

Vanguard Group Inc. lowered its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 0.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,674,313 shares of the company's stock after selling 200,999 shares during the period. Vanguard Group Inc. owned 8.09% of ZoomInfo Technologies worth $276,743,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC grew its position in shares of ZoomInfo Technologies by 47.8% during the first quarter. New Age Alpha Advisors LLC now owns 39,175 shares of the company's stock worth $392,000 after acquiring an additional 12,665 shares during the last quarter. LSV Asset Management grew its position 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 worth $31,590,000 after acquiring an additional 3,038,847 shares during the last quarter. US Bancorp DE grew its position 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 acquiring an additional 2,092 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of ZoomInfo Technologies during the first quarter worth about $172,000. Finally, XTX Topco Ltd grew its position in shares of ZoomInfo Technologies by 55.5% during the first quarter. XTX Topco Ltd now owns 42,351 shares of the company's stock worth $424,000 after acquiring an additional 15,122 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ZI shares. Wells Fargo & Company upped 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 report on Tuesday, May 13th. Piper Sandler upped their price target on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Barclays upped 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. Three investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.18.

ZoomInfo Technologies Stock Performance

ZI stock remained flat at $10.10 during trading on Friday. 3,890,740 shares of the company traded hands, compared to its average volume of 7,578,001. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 336.78, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The firm has a fifty day moving average price of $10.25 and a 200 day moving average price of $9.92. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year 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.

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.