Charles Schwab Investment Management Inc. Purchases 72,701 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Charles Schwab Investment Management Inc. grew its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,062,141 shares of the company's stock after purchasing an additional 72,701 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.53% of ZoomInfo Technologies worth $38,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ZI. Fifth Third Bancorp lifted its position in ZoomInfo Technologies by 64.2% in the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company's stock valued at $31,000 after acquiring an additional 646 shares in the last quarter. Stifel Financial Corp lifted its stake in ZoomInfo Technologies by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company's stock valued at $3,691,000 after acquiring an additional 1,143 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of ZoomInfo Technologies by 1.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 197,819 shares of the company's stock valued at $3,244,000 after acquiring an additional 2,006 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of ZoomInfo Technologies by 6.7% in the fourth quarter. New York Life Investment Management LLC now owns 32,296 shares of the company's stock worth $597,000 after acquiring an additional 2,033 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of ZoomInfo Technologies by 0.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 255,170 shares of the company's stock valued at $4,185,000 after purchasing an additional 2,305 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Stock Down 2.1 %

Shares of ZoomInfo Technologies stock traded down $0.28 during trading on Tuesday, reaching $13.04. The company's stock had a trading volume of 2,840,469 shares, compared to its average volume of 6,466,909. The company has a 50-day simple moving average of $15.30 and a two-hundred day simple moving average of $15.78. ZoomInfo Technologies Inc. has a 1-year low of $11.67 and a 1-year high of $30.16. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 65.20, a P/E/G ratio of 3.14 and a beta of 1.13. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group lowered their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Morgan Stanley cut their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 17th. DA Davidson lifted their price objective on shares of ZoomInfo Technologies from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Royal Bank of Canada restated an "underperform" rating and set a $14.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Finally, Bank of America upgraded shares of ZoomInfo Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $20.00 to $25.00 in a report on Monday, January 29th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and an average price target of $19.00.

About ZoomInfo Technologies

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.