Vanguard Group Inc. Has $276.74 Million Stock Position in ZoomInfo Technologies Inc. $ZI

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. decreased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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.

A number of other institutional investors have also recently bought and sold shares of ZI. UMB Bank n.a. grew its position in shares of ZoomInfo Technologies by 125.3% during the 1st 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 in the last quarter. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after purchasing an additional 1,484 shares during the last quarter. US Bancorp DE lifted its stake in ZoomInfo Technologies by 32.9% in the 1st quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after purchasing an additional 2,092 shares during the last quarter. Allegiance Financial Group Advisory Services LLC bought a new position in ZoomInfo Technologies in the 1st quarter valued at approximately $103,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $109,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 1.2%

ZI traded up $0.12 during midday trading on Tuesday, hitting $10.55. The company had a trading volume of 4,958,380 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 week 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 company has a market capitalization 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 stock's 50 day moving average price is $10.25 and its 200 day moving average price is $9.92.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ZI. 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. 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. Finally, Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Three equities 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. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and a consensus price target 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.