Vanguard Group Inc. Decreases Holdings in ZoomInfo Technologies Inc. $ZI

Vanguard Group Inc. trimmed its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,674,313 shares of the company’s stock after selling 200,999 shares during the period. Vanguard Group Inc. owned about 8.09% of ZoomInfo Technologies worth $276,743,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in ZoomInfo Technologies by 160.8% in the 4th quarter. Wells Fargo & Company MN now owns 39,545 shares of the company’s stock worth $416,000 after purchasing an additional 24,381 shares during the period. Bank of Montreal Can increased its stake in ZoomInfo Technologies by 23.1% in the 4th quarter. Bank of Montreal Can now owns 35,009 shares of the company’s stock worth $368,000 after purchasing an additional 6,580 shares during the period. Invesco Ltd. increased its stake in ZoomInfo Technologies by 3.2% in the 4th quarter. Invesco Ltd. now owns 572,867 shares of the company’s stock worth $6,021,000 after purchasing an additional 17,608 shares during the period. Renaissance Technologies LLC purchased a new position in ZoomInfo Technologies in the 4th quarter worth approximately $2,979,000. Finally, Sterling Capital Management LLC increased its stake in ZoomInfo Technologies by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 18,706 shares of the company’s stock worth $197,000 after purchasing an additional 6,809 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Up 3.6%

NASDAQ ZI opened at $10.43 on Monday. 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 Inc. has a twelve month low of $7.01 and a twelve month high of $13.39. The firm has a market capitalization of $3.57 billion, a PE ratio of 347.78, a P/E/G ratio of 13.05 and a beta of 1.02. The stock’s 50 day moving average is $10.23 and its 200 day moving average is $9.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ZI shares. Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. Piper Sandler boosted their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Finally, Barclays boosted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company 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 company. Based on 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.