Wealth Enhancement Advisory Services LLC Raises Stake in ZoomInfo Technologies Inc. $ZI

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in ZoomInfo Technologies Inc. by 70.0% in the second quarter, now owning approximately $1.96 million worth of shares.
• Other institutional investors have also recently adjusted their positions, with notable changes including a 1,188.0% increase by GAMMA Investing LLC and a new position from Jefferies Financial Group valued at about $150,000.
• ZoomInfo Technologies has seen its stock rise by 1.9%, trading at $11.56 currently, with a market capitalization of nearly $3.96 billion.

Wealth Enhancement Advisory Services LLC raised its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 70.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,392 shares of the company's stock after acquiring an additional 78,790 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of ZoomInfo Technologies worth $1,964,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ZI. Jefferies Financial Group Inc. purchased a new position in ZoomInfo Technologies in the fourth quarter worth approximately $150,000. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 1,188.0% in the first quarter. GAMMA Investing LLC now owns 66,360 shares of the company's stock worth $6,636,000 after acquiring an additional 61,208 shares during the last quarter. Merit Financial Group LLC purchased a new position in ZoomInfo Technologies in the first quarter worth approximately $500,000. Wedmont Private Capital lifted its stake in 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 acquiring an additional 2,272 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 acquiring an additional 1,889 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Up 1.9%

Shares of ZoomInfo Technologies stock opened at $11.56 on Monday. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a 50 day moving average of $10.80 and a 200 day moving average of $9.99. 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 $3.96 billion, a P/E ratio of 385.46, a P/E/G ratio of 13.05 and a beta of 1.02.

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.

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