US Bancorp DE Raises Position in ZoomInfo Technologies Inc. $ZI

US Bancorp DE increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 32.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,458 shares of the company’s stock after purchasing an additional 2,092 shares during the quarter. US Bancorp DE’s holdings in ZoomInfo Technologies were worth $85,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ZI. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ZoomInfo Technologies by 983.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company’s stock worth $1,126,000 after acquiring an additional 102,207 shares during the period. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock worth $66,000 after purchasing an additional 1,484 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in ZoomInfo Technologies in the 1st quarter worth approximately $480,000. Woodline Partners LP purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at $308,000. Finally, Merit Financial Group LLC bought a new position in shares of ZoomInfo Technologies during the first quarter valued at about $500,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZI shares. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Barclays lifted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.18.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $10.43 on Monday. The firm has a market capitalization of $3.57 billion, a PE ratio of 347.78, a PEG ratio of 13.05 and a beta of 1.02. The stock’s fifty day moving average is $10.23 and its 200 day moving average is $9.92. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

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.